American Association of Colleges and Universities, Revenue Bonds Project Approval Resolution of 2024

This resolution authorizes the District of Columbia to issue up to $12 million in revenue bonds to assist the American Association of Colleges and Universities with financing its new headquarters. The funds will be used to cover costs associated with acquiring, renovating, and expanding the facility at 1816 and 1818 R Street, NW, as well as purchasing equipment and relocating from temporary space. The project is classified as a commercial development undertaking that the District deems beneficial for the city's economic development and welfare.