The Energy Efficiency Financing Debt Cap Emergency Amendment Act of 2025 aims to amend the Energy Efficiency Financing Act of 2010 by removing the existing limitation on the principal amount of bonds that the District of Columbia may issue. Specifically, the bill proposes to delete the phrase "of bonds in an aggregate principal amount not to exceed $250 million" from Section 202(a) of the Act and replace it with "of bonds," thereby allowing for the issuance of bonds without a specified cap.
This emergency legislation is intended to facilitate increased financing for energy efficiency projects within the District, thereby promoting sustainability and potentially reducing energy costs. The bill will take effect upon approval by the Mayor and will remain in effect for a maximum of 90 days, in accordance with the emergency provisions outlined in the District of Columbia Home Rule Act.