The Catholic University of America Revenue Bonds Project Approval Resolution of 2024

This resolution authorizes the District of Columbia to issue up to $165 million in revenue bonds to assist The Catholic University of America with financing, refinancing, or reimbursing project costs. The funds can be used to pay off existing university debt from 2015 and 2017 or to cover capital expenses such as building renovations, infrastructure upgrades, and working capital needs at the university's campus on Michigan Avenue. The District will lend the bond proceeds directly to the university, which is a nonprofit organization, while the Mayor's office oversees the issuance process and related legal and financial arrangements.