Authorizes issuance of up to $460 million in District of Columbia revenue bonds to finance renovations and improvements at Howard University.
The bill authorizes the issuance of up to $460 million in District of Columbia revenue bonds to assist Provident Group - Bison Properties Inc. in financing, refinancing, or reimbursing costs associated with the project. The proceeds will be used for deferred maintenance and capital improvements, including life safety upgrades, at the Bethune Annex and other Howard University student dormitories. The financing will also cover the purchase of equipment and furnishings, working capital costs, interest on the bonds, and associated fees.
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