PR26-0473

The bill declares an emergency to authorize the issuance of up to $25 million in revenue bonds for the Cesar Chavez Public Charter Schools project.

The bill declares an emergency to authorize the issuance of up to $25 million in District of Columbia revenue bonds for the Cesar Chavez Public Charter Schools project. This funding aims to cover working capital costs, interest on the bonds, credit enhancement costs, liquidity costs, and debt service reserve fund costs. The resolution takes effect immediately to prevent delays that would result in additional costs or less favorable market conditions for the project.