Industrial Revenue Bond Forward Commitment Program Amendment Act of 2024

This bill amends the District of Columbia's Industrial Revenue Bond Forward Commitment Program to increase funding capacity and speed up the approval process for revenue bonds. The legislation removes the previous $850 million limit on the total amount of bonds that can be issued and reduces the time required for certain administrative steps from 30 days to 10 days. These changes allow more organizations to access financing for industrial and commercial projects more quickly, helping them meet deadlines in a fast-moving real estate market. Additionally, the bill updates the types of business entities eligible for the program to include limited liability companies alongside limited partnerships.