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A RESOLUTION
26-209
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
October 7, 2025
To approve, on an emergency basis, the borrowing of funds by the District through the issuance
and sale of income tax secured revenue bonds, notes, or other obligations and general
obligation bonds, notes, or other obligations in an aggregate principal amount not to
exceed $1,809,820,675, and to approve the execution and delivery of documents
connected to the issuance, sale, and delivery of the bonds or notes.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the “Fiscal Year 2026 Income Tax Secured Revenue Bond, General
Obligation Bond, and General Obligation and Income Tax Secured Bond Anticipation Note
Issuance Authorization Emergency Approval Resolution of 2025”.
Sec. 2. (a) Pursuant to and in accordance with D.C. Official Code § 47-335.01, the
General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 1999-2004
Authorization Act of 1999, effective July 29, 1999 (D.C. Law 13-22; D.C. Official Code § 1-
204.61, note), the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2002
-2007 Authorization Act of 2002, effective March 25, 2003 (D.C. Law 14-214; D.C. Official
Code § 1-204.61, note), the General Obligation Bonds and Bond Anticipation Notes for Fiscal
Years 2007-2012 Authorization Act of 2006, effective March 6, 2007 (D.C. Law 16-212; D.C.
Official Code § 1-204.61, note), the General Obligation Bonds and Bond Anticipation Notes for
Fiscal Years 2013-2018 Authorization Act of 2012, effective March 19, 2013 (D.C. Law 19-231;
59 DCR 13617), the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years
2018-2023 Authorization Act of 2017, effective March 29, 2018 (D.C. Law 22-80; 65 DCR
1565), and any successor acts thereto, the General Obligation Bonds and Bond Anticipation
Notes for Fiscal Years 2023-2028 Authorization Act of 2023, effective June 13, 2023 (D.C. Law
25-9; 70 DCR 6095) (“Bond Acts”), and Subchapter II-D of Chapter 3 of Title 47 of the District
of Columbia Official Code (D.C. Official Code § 47-340.26 et seq.) (“Income Tax Bond Act”),
the Council approves the issuance and sale of:
(1) Income tax secured revenue bonds and general obligation bonds in an aggregate
principal amount not to exceed, when aggregated with the principal amount of any bond
anticipation notes issued pursuant to paragraph (2) of this subsection, $1,809,820,675, to fund
the following capital projects, as that term is defined in the Income Tax Bond Act or the Bond
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Acts, plus all costs and expenses authorized by the Income Tax Bond Act or the Bond Acts,
including, but not limited to, reimbursing amounts temporarily advanced from the General Fund
of the District of Columbia, any enterprise fund or other fund or account of the District, and all
costs and expenses of issuing and delivering the bonds, including, but not limited to,
underwriting, rating agency fees, legal fees, accounting fees, financial advisory fees, bond
insurance and other credit enhancements, liquidity enhancements, printing costs and expenses,
capitalized interest, establishment of debt service or other reserve funds related to the bonds, the
payment of costs of contracts described in the Income Tax Bond Act or the Bond Acts, and the
payments of other debt program-related costs as provided in the related agreements:
Project Category Total Borrowing Plan $
Building Systems Assessments and Improvements 12,413,368
Correctional Facilities 10,600,000
Environmental 115,813
Equipment 29,242,348
Fire/EMS Stations 9,150,000
Fleet 122,319,373
General Support Facilities 232,439,750
Housing 26,203,000
Information Technology 77,410,493
Local and Regional Transportation 279,225,013
Parks 20,477,413
Police Stations 34,281,816
Pools 35,483,088
Public Libraries 34,664,000
Recreation Centers 108,791,822
Redevelopment Infrastructure 161,535,720
School Facilities 487,383,456
Supportive Housing 77,864,000
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University Facilities 21,000,000
WMATA CIP Contribution 24,620,202
Youth Rehabilitation Facilities 4,600,000
Total 1,809,820,675
(2) Income tax secured federally tax-exempt and taxable bond anticipation notes (or other
obligations) or general obligation secured federally tax-exempt and taxable bond anticipation
notes (or other obligations) in an aggregate principal amount that when combined with amounts
issued pursuant to paragraph (1) of this subsection shall not exceed $1,809,820,676, to fund the
initial costs of capital projects, as those projects are, from time to time, included in the District’s
annual Budget and Financial Plan and defined in the Income Tax Bond Act or the Bond Acts,
plus all costs and expenses authorized by the Income Tax Bond Act or the Bond Acts, including,
but not limited to, reimbursing amounts temporarily advanced from the General Fund of the
District of Columbia, any enterprise fund or other fund or account of the District and all costs
and expenses of issuing and delivering the commercial paper, including, but not limited to,
underwriting, rating agency fees, legal fees, accounting fees, financial advisory fees, bond
insurance and other credit enhancements, liquidity enhancements, printing costs and expenses,
capitalized interest, establishment of debt service or other reserve funds related to the
commercial paper, the payment of costs of contracts described in the Income Tax Bond Act or
the Bond Acts, and the payments of other debt program-related costs as provided in the related
agreements.
(b) The capital projects referenced in subsection (a) of this section have been authorized
pursuant to section 446 of the District of Columbia Home Rule Act, approved December 24,
1973 ( 87 Stat. 801; D.C. Official Code § 1-204.46), the Continuing Appropriations Act, 2014,
approved October 17, 2013 (Pub. L. No. 113-46; 127 Stat. 558), the Consolidated Appropriations
Act, 2014, approved January 17, 2014 (Pub. L. No. 113-76; 128 Stat. 5), the Continuing
Appropriations Resolution, 2015, approved September 19, 2014 (Pub. L. No. 113-164; 128 Stat.
1867), Joint Resolution Making further continuing appropriations for fiscal year 2015, and for
other purposes, approved December 12, 2014 (Pub. L. No. 113-202; 128 Stat. 2069), Joint
Resolution Making further continuing appropriations for fiscal year 2015, and for other purposes,
approved December 13, 2014 (Pub. L. No. 113-203, 128 Stat. 2070), the Consolidated and
Further Continuing Appropriations Act, 2015, approved December 16, 2014 (Pub. L. No. 113-
235; 128 Stat. 2130), the Continuing Appropriations Act, 2016, approved September 30, 2015
(Pub. L. No. 114-53; 129 Stat. 502), the Further Continuing Appropriations Act, 2016, approved
December 11, 2015 (Pub. L. No. 114-96; 129 Stat. 2193), the Joint Resolution Making further
continuing appropriations for fiscal year 2016, and for other purposes, approved December 16,
2015 (Pub. L. No. 114-100; 129 Stat. 2202), the Consolidated Appropriations Act, 2016,
approved December 18, 2015 (Pub. L. No. 114-113; 129 Stat. 2242), the Fiscal Year 2017 Local
Budget Act of 2016, effective July 29, 2016 (D.C. Law 21-142; 63 DCR 8786), the
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Continuing Appropriations and Military Construction, Veterans Affairs, and Related Agencies
Appropriations Act, 2017, and Zika Response and Preparedness Act, approved September 29,
2016 (Pub. L. No. 114-223; 130 Stat. 857), the Consolidated Appropriations Act, 2017, approved
May 5, 2017 (Pub. L. No. 115-31; 131 Stat. 135), the Fiscal Year 2018 Local Budget Act of
2017, effective August 29, 2017 (D.C. Law 22-16; 64 DCR 6581), the Continuing
Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements
Act, 2017, approved September 8, 2017 (Pub. L. No. 115-56; 131 Stat. 1129), the Consolidated
Appropriations Act, 2018, approved March 23, 2018 (Pub. L. No. 115-141; 132 Stat. 348), the
Fiscal Year 2019 Local Budget Act of 2018, effective August 29, 2018 (D.C. Law 22-158; 65
DCR 7346), the Consolidated Appropriations Act, 2019, approved February 15, 2019 (Pub. L.
No. 116-6; 133 Stat. 13), the Fiscal Year 2020 Local Budget Act of 2019, effective August 31,
2019 (D.C. Law 23-11; 66 DCR 8242), the Consolidated Appropriations Act, 2020, approved
December 20, 2019 (Pub. L. No. 116-93; 133 Stat. 2317), the Fiscal Year 2021 Local Budget Act
of 2020, effective October 20, 2020 (D.C. Law 23-136; 67 DCR 10629), the Consolidated
Appropriations Act, 2021, approved December 27, 2020 (Pub. L. No. 116-260; 134 Stat. 1182),
the Fiscal Year 2022 Local Budget Act of 2021, effective November 3, 2021 (D.C. Law 24-43;
68 DCR 9702), the Consolidated Appropriations Act, 2022, approved March 15, 2022 (Pub. L.
No. 117-103; 136 Stat. 49), the Fiscal Year 2023 Local Budget Act of 2022, effective September
9, 2022 (D.C. Law 24-166; 69 DCR 8870), the Consolidated Appropriations Act, 2023, approved
December 29, 2022 (Pub. L. No. 117-328; 136 Stat. 4459), the Fiscal Year 2024 Local Budget
Act of 2023, effective August 29, 2023 (D.C. Law 25-47; 70 DCR 9700), the Further
Consolidated Appropriations Act, 2024, approved March 23, 2024 (Pub. L. No. 118-47; 138 Stat.
460), the Fiscal Year 2025 Local Budget Act of 2024, effective September 18, 2024 (D.C. Law
25-218; 71 DCR 8366), the Full-Year Continuing Appropriations and Extensions Act, 2025,
approved March 15, 2025 (Pub. L. No 119-4; 139 Stat. 9), the Fiscal Year 2026 Local Budget
Act of 2025, enacted on September 4, 2025 (D.C. Act 26-147; 72 DCR 9797), and are capital
projects for which the District of Columbia is authorized to incur indebtedness under the Bond
Acts and the Income Tax Bond Act.
(c) The Chief Financial Officer is further authorized to determine whether income tax
secured revenue bonds, general obligation bonds, or bond anticipation notes or other notes or
obligations authorized by the Income Tax Bond Act or the Bond Acts will be issued to finance or
refinance the capital projects described in subsection (a) of this section. If notes or other
temporary obligations are issued to finance the capital projects described in subsection (a) of this
section, the Chief Financial Officer shall determine when and whether income tax secured
revenue bonds or general obligation bonds will be issued to refund or refinance the outstanding
notes in accordance with the Income Tax Bond Act, the Bond Acts, and other applicable laws.
Sec. 3. If the funds allocated to any agency pursuant to this resolution exceed the amount
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required by that agency to complete any authorized capital project listed in section 2 for that
agency, the excess funds shall be made available to finance other capital projects approved by a
prior or subsequent Council bond issuance resolution or act.
Sec. 4. Pursuant to sections 7 and 8 of the Bond Acts, the Income Tax Bond Act, and
other applicable law, the Council approves the execution and delivery by the Mayor, or the Chief
Financial Officer, on behalf of the District, of any agreement, document, contract and instrument
(including any amendment of or supplement to any such agreement, document, contract, or
instrument) in connection with the issuance, sale, and delivery of District of Columbia general
obligation bonds or notes or income tax secured revenue bonds or notes pursuant to the Bond
Acts or the Income Tax Bond Act.
Sec. 5. Transmittal.
The Council shall submit a copy of this resolution, upon its adoption, to the Mayor.
Sec. 6. Fiscal impact statement.
The Council adopts the fiscal impact statement of the Chief Financial Officer as the fiscal
impact statement required by section 4a of the General Legislative Procedures Act of 1975,
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).
Sec. 7. Effective date.
This resolution shall take effect immediately.