ENROLLED ORIGINAL
A RESOLUTION
25-259
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
September 19, 2023
To declare the existence of an emergency with respect to the need to approve the borrowing of
funds by the District through the issuance and sale of income tax secured bonds and notes
and general obligation bonds and notes in an aggregate principal not to exceed
$1,714,680,878, and to approve the execution and delivery of documents connected to the
issuance, sale, and delivery of the bonds or notes.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That
this resolution may be cited as the “Fiscal Year 2024 Income Tax Secured Revenue Bond,
General Obligation Bond and General Obligation and Income Tax Secured Bond Anticipation
Note Issuance Authorization Emergency Declaration Resolution of 2023”.
Sec. 2. Emergency legislation is necessary to ensure that the District can issue bonds in a
timely manner and take advantage of favorable market conditions to provide funding for or to
reimburse the District for funds already expended on Fiscal Year 2024 capital projects approved
and undertaken pursuant to the District’s Fiscal Year 2024 Budget and Financial Plan.
Sec. 3. The Council determines that the circumstances enumerated in section 2 constitute
emergency circumstances making it necessary that the Fiscal Year 2024 Income Tax Secured
Revenue Bond, General Obligation Bond and General Obligation and Income Tax Secured Bond
Anticipation Note Issuance Authorization Emergency Approval Resolution of 2023 be adopted
on an emergency basis.
Sec. 4. This resolution shall take effect immediately.