District of ColumbiaPR26-0157Council Period 26 (2025-2026)HouseWALLET

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

Sponsored By: Phil Mendelson (Democratic)

Became Law

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

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

DC bonds fund Maret School upgrades

The District authorizes up to $37 million in revenue bonds and loans the money to Maret School. The funds can refund older Maret bonds from 2003 ($7.685 million) and 2004 ($10.25 million). Money can also pay for building work at 3000 Cathedral Ave NW and 5901 Utah Ave NW, plus furniture and equipment. It can cover interest during construction, set up a debt reserve, pay credit enhancement fees, and cover issuance costs. The resolution takes effect immediately as an emergency to speed the sale.

Sponsors & Cosponsors

Sponsor

Phil Mendelson
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 12 • No: 0

House vote • 4/1/2025

Final Reading