ENROLLED ORIGINAL
A RESOLUTION
25-59
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
February 7, 2023
To declare the existence of an emergency with respect to the need to approve the borrowing of
funds by the District through the issuance and sale of general obligation bonds and bond
anticipation notes.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the “General Obligation Bonds and Bond Anticipation Notes for Fiscal
Years 2023- 2028 Authorization Emergency Declaration Resolution of 2023”.
Sec. 2. Emergency legislation is necessary to ensure that the District can borrow in a
timely manner and take advantage of favorable market conditions to provide funding for or to
reimburse the District for funds already expended on Fiscal Year 2023 capital projects approved
and undertaken pursuant to the District’s Fisc al Year 2023 Budget and Financial Plan.
Sec. 3. The Council of the District of Columbia determines that the circumstances
enumerated in section 2 constitute emergency circumstances making it necessary that the General
Obligation Bonds and Bond Anticipation Notes for Fiscal Years 2023-2028 Authorization
Emergency Act of 2023 be adopted after a single reading.
Sec. 4. This resolution shall take effect immediately.