Authorizes District of Columbia to issue bonds for fiscal year 2027 capital projects.
The District of Columbia is authorized to issue bonds to fund capital projects in fiscal year 2027. The bonds include income tax secured revenue bonds, general obligation bonds, and general obligation bond anticipation notes. The total borrowing plan is approximately $2.03 billion. The funds will be used for various capital projects such as building systems assessments, correctional facilities, fire/EMS stations, and more. The resolution ensures that the proceeds are used for the specified capital projects and related costs, including expenses associated with the bond issuance.
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