ENROLLED ORIGINAL
A RESOLUTION
24-226
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
August 10, 2021
To approve, on an emergency basis, the borrowing of funds by the District through the issuance
and sale of income tax secured revenue bonds and notes and general obligation bonds and
notes in an aggregate principal amount not to exceed $1,498,500,000, and to approve the
execution and delivery of documents connected to the issuance, sale, and delivery of the
bonds or notes.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the "Fiscal Year 2022 Income Tax Secured Revenue Bond, General
Obligation Bond, and General Obligation and Income Tax Secured Bond Anticipation Note
Issuance Authorization Emergency Approval Resolution of 2021".
Sec. 2. (a) Pursuant to and in accordance with D.C. Official Code 47-335.01, the
General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 1999 -2004
Authorization Act of 1999, effective July 29, 1999 (D.C. Law 13-22; D.C. Official Code 1-
204.61, note); the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2002
-2007 Authorization Act of 2002, effective March 25, 2003 (D.C. Law 14-214; D.C. Official
Code 1-204.61, note); the General Obligation Bonds and Bond Anticipation Notes for Fiscal
Years 2007-2012 Authorization Act of 2006, effective March 6, 2007 (D.C. Law 16-212; D.C.
Official Code 1-204.61, note), the General Obligation Bonds and Bond Anticipation Notes for
Fiscal Years 2013-2018 Authorization Act of 2012, effective March 19, 2013 (D.C. Law 19-
231), the General Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2018-2023
Authorization Act of 2018, effective March 29, 2018 (D.C. Law 22-80), and any successor acts
thereto, (Bond Acts), and Subchapter II-D of the District of Columbia Official Code ( 47-
340.26 et seq.) ("Income Tax Bond Act"), the Council approves the issuance and sale of:
(1) Income tax secured federally taxable or tax-exempt revenue bonds and
federally taxable or tax-exempt general obligation bonds in an aggregate principal amount not to
exceed, when aggregated with the principal amount of any bond anticipation notes pursuant to
paragraph (2) of this subsection, $1,498,500,000, to fund the following capital projects, as that
term is defined in the Income Tax Bond Act or the Bond Acts, plus all costs and expenses
authorized by the Income Tax Bond Act or the Bond Acts, including, but not limited to,
reimbursing amounts temporarily advanced from the General Fund of the District of Columbia,
any enterprise fund or other fund or account of the District, and all costs and expenses of issuing
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and delivering the bonds, including, but not limited to, underwriting, rating agency fees, legal
fees, accounting fees, financial advisory fees, bond insurance and other credit enhancements,
liquidity enhancements, printing costs and expenses, capitalized interest, establishment of debt
service or other reserve funds related to the bonds, the payment of costs of contracts described in
the Income Tax Bond Act or the Bond Acts, and the payments of other debt program-related
costs as provided in the related agreements:
Project Category Total Borrowing Plan $
Building Systems Assessments and Improvements 9,421,000
Correctional Facilities 18,250,000
Equipment 35,658,100
Fire/EMS Stations 16,500,000
Fleet 106,166,000
General Support Facilities 41,098,095
Health Care Facilities 114,300,000
Information Systems 86,116,000
Local and Regional Transportation 208,628,350
Parks, Playgrounds, Athletic Fields 32,022,000
Police Stations 6,517,000
Public Libraries 3,055,000
Recreational Centers and Pools 81,490,000
Redevelopment 196,054,000
School Facilities 304,448,455
Supportive Housing 66,782,000
University Facilities 32,550,000
WMATA CIP Contribution 138,294,000
Youth Rehabilitation Facilities 1,150,000
Total 1,498,500,000
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(2) Income tax secured federally tax-exempt and taxable bond anticipation notes
or general obligation secured federally tax-exempt and taxable bond anticipation notes in an
aggregate principal amount that when combined with amounts issued pursuant to paragraph (1)
of this subsection shall not exceed $1,498,500,000, to fund the initial costs of capital projects, as
those projects are, from time to time, included in the Districts annual Budget and Financial Plan
and defined in the Income Tax Bond Act or the Bond Acts, plus all costs and expenses
authorized by the Income Tax Bond Act or the Bond Acts, including, but not limited to,
reimbursing amounts temporarily advanced from the General Fund of the District of Columbia,
any enterprise fund or other fund or account of the District and all costs and expenses of issuing
and delivering the commercial paper, including, but not limited to, underwriting, rating agency
fees, legal fees, accounting fees, financial advisory fees, bond insurance and other credit
enhancements, liquidity enhancements, printing costs and expenses, capitalized interest,
establishment of debt service or other reserve funds related to the commercial paper, the payment
of costs of contracts described in the Income Tax Bond Act or the Bond Acts, and the payments
of other debt program-related costs as provided in the related agreements.
(b) The capital projects referenced in subsection (a) of this section have been authorized
pursuant to section 446 of the District of Columbia Home Rule Act, approved December 24,
1973 (Pub. L. No. 93-198; 87 Stat. 801; D.C. Official Code 1-204.46); the Continuing
Appropriations Act, 2014, approved October 17, 2013 (Pub. L. No. 113-46; 127 Stat 558); the
Consolidated Appropriations Act, 2014, approved January 17, 2014 (Pub. L. No. 113-76; 128
Stat 5); the Continuing Appropriations Resolution, 2015, approved September 19, 2014 (Pub. L.
No. 113-164; 128 Stat 1867); Joint Resolution Making further continuing appropriations for
fiscal year 2015, and for other purposes, approved December 12, 2014 (Pub. L. No. 113-202;
128 Stat. 2069); Joint Resolution Making further continuing appropriations for fiscal year 2015,
and for other purposes, approved December 13, 2014 (Pub. L. No. 113-203, 128 Stat. 2070); the
Consolidated and Further Continuing Appropriations Act, 2015, approved December 16, 2014
(Pub. L. No. 113-235; 128 Stat. 2130); the Continuing Appropriations Act, 2016, approved
September 30, 2015 (Pub. L. No. 114-53; 129 Stat. 502); the Further Continuing Appropriations
Act, 2016, approved December 11, 2015 (Pub. L. No. 114-96; 129 Stat. 2193); the Joint
Resolution Making further continuing appropriations for fiscal year 2016, and for other purposes,
approved December 16, 2015 (Pub. L. No. 114-100; 129 Stat. 2202); the Consolidated
Appropriations Act, 2016, approved December 18, 2015 (Pub. L. No. 114-113; 129 Stat. 2242);
the Fiscal Year 2017 Local Budget Act of 2016, effective July 29, 2016 (D.C. Law 21-142); the
Continuing Appropriations Act, 2017, as amended, approved September 29, 2016 (Pub. L. No.
114-223; 130 Stat. 857); the Consolidated Appropriations Act, 2017, approved May 5, 2017
(Pub. L. No. 115-31; 131 Stat. 135); the Fiscal Year 2018 Local Budget Act of 2017, effective
August 29, 2017 (D.C. Law 22-16); the Continuing Appropriations Act, 2018, as amended,
approved September 8, 2017 (Pub. L. No. 115-56; 131 Stat. 1129); the Consolidated
Appropriations Act, 2018, approved March 23, 2018 (Pub. L. No. 115-141; 132 Stat. 348); the
Fiscal Year 2019 Local Budget Act of 2018, effective August 29, 2018 (D.C. Law 22-158), the
Consolidated Appropriations Act, 2019, approved February 15, 2019 (Pub. L. No. 116-6; 133
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Stat. 13), the Fiscal Year 2020 Local Budget Act of 2019, introduced March 20, 2019 (D.C. Bill
23-208) effective August 31, 2019 (D.C. Law 23-11), the Consolidated Appropriations Act,
2020, approved December 20, 2019 (Pub. L. No. 116-93; 133 Stat. 2317), the Fiscal Year 2021
Local Budget Act of 2020, effective October 20, 2020 (D.C. Law 23-136), the Consolidated
Appropriations Act, 2021, approved December 27, 2020 (Pub. L. 116-260; 134 Stat. 1182), and
the Fiscal Year 2022 Local Budget Act of 2021, passed on 2nd reading on August 3, 2021
(Enrolled version of Bill 24-275), and are capital projects for which the District of Columbia is
authorized to incur indebtedness under the Bond Acts and the Income Tax Bond Act.
(c) The Chief Financial Officer is further authorized to determine whether income tax
secured revenue bonds, general obligation bonds, or bond anticipation notes or other notes
authorized by the Income Tax Bond Act or the Bond Acts, will be issued to finance or refinance
the capital projects described in subsection (a) of this section. If notes are issued to finance the
capital projects described in subsection (a) of this section, the Chief Financial Officer shall
determine when and whether income tax secured revenue bonds or general obligation bonds will
be issued to refund or refinance the outstanding notes in accordance with the Income Tax Bond
Act, the Bond Acts and other applicable laws.
Sec. 3. If the funds allocated to any agency pursuant to this resolution exceed the amount
required by that agency to complete any authorized capital project listed in section 2 for that
agency, the excess funds shall be made available to finance other capital projects approved by a
prior or subsequent Council bond issuance resolution or act.
Sec. 4. Pursuant to sections 7 and 8 of the Bond Acts, section 2 of the Income Tax Bond
Act, and other applicable law, the Council approves the execution and delivery by the Mayor, or
the Chief Financial Officer, on behalf of the District, of any agreement, document, contract and
instrument (including any amendment of or supplement to any such agreement, document,
contract, or instrument) in connection with the issuance, sale, and delivery of District of
Columbia general obligation bonds or notes or income tax secured revenue bonds or notes
pursuant to the Bond Acts or the Income Tax Bond Act.
Sec. 5. The Council shall submit a copy of this resolution, upon its adoption, to the Mayor.
Sec. 6. The Council adopts the fiscal impact statement of the Chief Financial Officer as
the fiscal impact statement required by section 4a of the General Legislative Procedures Act of
1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code 1-301.47a).
Sec. 7. This resolution shall take effect immediately.
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