PR 26-0157 Legislature · 26th Council Period (2025-2026)

Maret School, Inc. Revenue Bonds Project Emergency Declaration Resolution of 2025

This resolution would authorize the District of Columbia to issue up to $37 million in tax-exempt revenue bonds for Maret School, Inc. to finance and refinance specific campus projects, including renovations at its 5901 Utah Avenue, NW facility and refinancing of prior bonds. The bonds are structured as non-recourse to the District, meaning the District bears no financial liability, won't use its taxing power, and won't be considered a debt of the District. The emergency designation aims to expedite bond approval to avoid market delays and secure favorable interest rates for the school's capital projects.

Bill status signed all 4 stages cleared

Introduction

Mar 2025

Committee Review

Apr 2025

Council Passage

Apr 2025

Signed into Law

Apr 2025

Introduced Mar 25, 2025 Signed Apr 1, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduction → Enrollment · 5 edits

MODERATE

This document shows the transformation of a proposed resolution into an enrolled (enacted) version. The primary changes involve formatting adjustments, updated contact information, and minor text refinements to clarify language and correct citation references. The core policy content regarding the bond authorization remains substantively unchanged.

TECHNICAL

Header information was updated from a letter format to a formal enrolled resolution format with a new resolution number (26-96) and date (April 1, 2025).

Citation references were corrected: Resolution number changed from '15-0212' to '15-212' and DCR citation updated from '6931' to '50 DCR 6931'.

Minor text refinements were made throughout, including adding 'the' before 'District of Columbia' in one instance and changing 'buildings' to 'building(s)' in another for consistency.

Section 3 was slightly reworded to change 'after a single reading' to 'on an emergency basis' for clarity.

The emergency declaration language was slightly expanded to explicitly mention the 'need to authorize' bonds.

Floor votes · Council Apr 1, 2025

How they voted

12–0

Passed

Total votes 12

Apr 1, 2025

D Democratic10

10 Yea

100% Yea

I Independent2

2 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 1, 2025

Council · Passed

Council Vote: pass (12-0)

council

Apr 1, 2025

Committee

Retained by the Council with comments from the Committee on Business and Economic Development

legislature

Mar 25, 2025

Introduced

PR26-0157 Introduced by Chairman Mendelson at Office of the Secretary

legislature

1 primary · 0 co-sponsors