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 stipulates that if any allocated funds exceed the requirements for a specific agency's capital project, the surplus can be redirected to finance other approved capital projects. The Chief Financial Officer is empowered to determine the specifics of the bond issuance, including whether to issue temporary notes or bonds for financing. The resolution is effective immediately upon adoption and requires submission to the Mayor for further action.