Richard Wright Public Charter School Revenue Bonds Project Approval Resolution of 2025

This bill authorizes the District of Columbia to issue up to $22 million in tax-exempt revenue bonds to finance renovations, building improvements, and refinancing of existing debt for Richard Wright Public Charter School at 475 School St., SW. The bonds will be used directly by the school (the "Borrower") for facility upgrades, construction, and related costs, with the District having no financial liability or obligation to repay them. The resolution confirms the bonds are "without recourse to the District" and do not constitute a general obligation or pledge of the District's taxing power, as required by the Home Rule Act. The school, a 501(c)(3) charter school, will receive the bond proceeds as a loan from the District.