Clarifies the excess cash calculation for the Washington Convention Center Authority.
The Events DC Excess Cash Calculation Clarification Amendment Act of 2026 amends the Washington Convention Center Authority Act of 1994. It modifies the excess cash calculation by excluding certain funds from the calculation. Specifically, it excludes funds in the New Convention Center Hotel Fund and any funds transferred from the Stadium Maintenance Fund. The act also changes the calculation to consider the sum of the maximum annual debt service for each series of outstanding bonds and budgeted annual operating and marketing expenses for the upcoming fiscal year.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.