The resolution, titled the "Fiscal Year 2026 Income Tax Secured Revenue Bond, General Obligation Bond, and General Obligation and Income Tax Secured Bond Anticipation Note Issuance Authorization Emergency Approval Resolution of 2025," authorizes the District of Columbia to borrow funds through the issuance and sale of income tax secured revenue bonds and general obligation bonds, with a total principal amount not exceeding $1,809,820,675. This borrowing is intended to fund various capital projects, including improvements to school facilities, transportation, public libraries, and supportive housing, among others. The resolution also allows for the execution of necessary documents related to the issuance and delivery of these bonds.

Additionally, the resolution empowers the Chief Financial Officer to determine the specific types of bonds or notes to be issued for financing the capital projects and outlines provisions for reallocating any excess funds to other approved projects. The resolution is effective immediately upon adoption and includes a fiscal impact statement from the Chief Financial Officer, ensuring compliance with legislative procedures.