Emergency approval for issuing up to $88 million in revenue bonds for a community project.

The bill authorizes the issuance of up to $88 million in District of Columbia revenue bonds to finance, refinance, or reimburse costs for the National Community Reinvestment Coalition, Inc., Revenue Bonds Project. The Council of the District of Columbia determines that the circumstances constitute emergency circumstances, necessitating immediate adoption of the resolution. The funds will be used for credit enhancement costs, liquidity costs, capitalized interest, debt service reserve fund, and issuance costs. The resolution takes effect immediately.

Emergency approval for issuing up to $88 million in revenue bonds for a community project.

The bill authorizes the issuance of up to $88 million in District of Columbia revenue bonds to finance, refinance, or reimburse costs for the National Community Reinvestment Coalition, Inc., Revenue Bonds Project. The Council of the District of Columbia determines that the circumstances constitute emergency circumstances, necessitating immediate adoption of the resolution. The funds will be used for credit enhancement costs, liquidity costs, capitalized interest, debt service reserve fund, and issuance costs. The resolution takes effect immediately.