The "Children's Hospital Revenue Bonds Project Approval Resolution of 2025" authorizes the issuance of tax-exempt revenue bonds by the District of Columbia, with a maximum principal amount of $550 million. The proceeds from these bonds will be used to refinance existing debt and fund renovations and improvements at Children's Hospital located at 111 Michigan Avenue, NW. Importantly, the resolution specifies that these bonds will not be general obligations of the District, meaning they will not involve the District's full faith and credit or taxing power, thereby ensuring no financial liability for the District.

The resolution empowers the Mayor to issue the bonds and provide loans to Children's Hospital for various projects, including expanding healthcare facilities and upgrading the Emergency Room. It establishes that the bonds will be special obligations of the District, with no recourse to general funds, and outlines the procedures for their issuance and payment. Additionally, the resolution includes provisions for limited liability for District officials and ensures compliance with public approval requirements, promoting transparency and adherence to legal standards while affirming that the District is not obligated to issue bonds for the hospital's benefit.