PRIA Logo™
District of ColumbiaPR26-0034Council Period 26 (2025-2026)HouseWALLET

National Links Trust Inc. Revenue Bonds Project Approval Resolution of 2025

Sponsored By: Sponsor information unavailable

Adopted

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Taxpayers do not back golf project bonds

The golf project bonds are not general District debt and do not pledge the District’s taxing power. Repayment comes only from sources named in financing documents, including loan payments, permitted bond proceeds, and investment earnings. The District has no payment liability beyond those sources and does not guarantee the project’s success or bond payments. It also does not guarantee that bond interest is tax-exempt. Claims for bond payments or money damages against the District and its personnel are barred, except for willful and fraudulent acts.

National Links Trust faces possible bond fees

Beginning March 4, 2025, the Mayor may charge National Links Trust a program fee for the bond financing. The fee can cover issuing bonds, tracking spending, checking public benefit agreements, and keeping records. It can also cover help with bond repayment, repurchases, and resales. The law sets no fee amount and does not charge households directly.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Phil Mendelson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 12 • No: 0

House vote • 3/4/2025

Final Reading

Yes: 12 • No: 0

Actions Timeline

  1. Resolution R26-0053, Effective from Mar 04, 2025 Published in DC Register Vol 72 and Page 002680

    3/14/2025House

  2. Approved with Resolution Number R26-0053

    3/4/2025House

  3. Legislative Meeting

    3/4/2025House

  4. Committee Mark-up of PR26-0034 by the Business and Economic Development Committee

    2/24/2025House

  5. Roundtable on PR26-0034

    2/10/2025House

  6. Notice of Roundtable filed in the Office of Secretary

    2/4/2025House

  7. Notice of Intent to Act on PR26-0034 Published in the District of Columbia Register

    1/24/2025House

  8. Referred to Committee on Business and Economic Development

    1/21/2025House

  9. PR26-0034 Introduced by Chairman Mendelson at Office of the Secretary

    1/10/2025House

Bill Text

  • Enrollment

    3/4/2025

    PDF

  • Introduced

    1/10/2025

    PDF

Related Bills

Back to State Legislation