The "Georgetown Boathouse Surplus Declaration and Disposition Approval Act of 2026" seeks to declare specific District-owned real property along the Potomac River as surplus and authorize its sale by the Mayor. The property, consisting of Lots 805, 812, and 813 in Square 1179, is approximately 25,000 square feet and is no longer necessary for public purposes. The bill facilitates a tri-party agreement for the transfer and sale of the property to Georgetown University, which intends to construct a scholastic boathouse facility that will support rowing programs and provide public access for non-motorized boating activities. The legislation mandates that Georgetown University ensure public access to the docks and engage Certified Business Enterprises in the project, with the Mayor authorized to dispose of the property through various means, including private sale or ground lease.

The bill outlines the terms of a Land Disposition Agreement (LDA) between the National Park Service, the District, and Georgetown University, detailing the transfer of administrative jurisdiction over specific parcels and the development of the Boathouse Project. It includes provisions for public access, local job creation, and compliance with environmental laws, while emphasizing the project's benefits for the community and the waterfront area. The agreement also establishes a framework for addressing defaults, reporting requirements, and penalties for non-compliance, ensuring that the development aligns with legal and regulatory standards. Overall, the bill aims to enhance recreational opportunities along the Potomac River while promoting local employment and engagement with small business enterprises.