# District of Columbia PR26-0253: USBC Economic Development Corporation Revenue Bonds Project Emergency Approval Resolution of 2025

District of Columbia PR26-0253, USBC Economic Development Corporation Revenue Bonds Project Emergency Approval Resolution of 2025, is a Council Period 26 (2025-2026) House bill sponsored by no sponsor on record; status adopted, last action 2025-07-11 (Resolution R26-0162, Effective from Jul 01, 2025 Published in DC Register Vol 72 and Page 007724); PRIA reads it as touching household money (as of 2026-11-04).

- Canonical: https://policyrisk.com/state-bill/DC-PR26-0253-26
- As of: 2026-11-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: District of Columbia PR26-0253
- State: District of Columbia
- Session: Council Period 26 (2025-2026)
- Title: USBC Economic Development Corporation Revenue Bonds Project Emergency Approval Resolution of 2025
- Status: adopted
- Chamber: House
- Introduced: 2025-06-26
- Last action: 2025-07-11, Resolution R26-0162, Effective from Jul 01, 2025 Published in DC Register Vol 72 and Page 007724
- Sponsors: no sponsor on record
- Cosponsors: 1
- Touches household money: yes
- Roll calls: 1 (12 yes, 0 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New bond financing for nonprofit headquarters: benefit, low. Beginning July 1, 2025, the District can issue bonds and lend the proceeds to USBC Economic Development Corporation, a tax-exempt nonprofit. Total bond principal outstanding cannot exceed $37.5 million, including replacement bonds used to refinance earlier bonds. The loan can finance, refinance, or…
- Possible bond fees for nonprofit borrower: cost, low. Beginning July 1, 2025, the Mayor can charge USBC Economic Development Corporation a fee for its bond transaction. The fee can cover District costs for issuing bonds, tracking spending, checking public-benefit agreements, and keeping records. It can also cover help with repaying, buying back, or re…

## Sponsors and cosponsors

- Cosponsor: Phil Mendelson (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-07-01 | House | Final Reading | pass | 12 | 0 |   |

## Actions (5)

- 2025-07-11: Resolution R26-0162, Effective from Jul 01, 2025 Published in DC Register Vol 72 and Page 007724 (House)
- 2025-07-01: Approved with Resolution Number R26-0162 (House)
- 2025-07-01: Legislative Meeting (House)
- 2025-07-01: Retained by the Council with comments from the Committee on Business and Economic Development (House)
- 2025-06-26: PR26-0253 Introduced by Chairman Mendelson at Office of the Secretary (House)

## Bill text

- Enrollment, 2025-07-01: [PDF](https://lims.dccouncil.gov/downloads/LIMS/58038/Meeting1/Enrollment/PR26-0253-Enrollment1.pdf?Id=216811)
- Introduced, 2025-06-26: [PDF](https://lims.dccouncil.gov/downloads/LIMS/58038/Introduction/PR26-0253-Introduction.pdf?Id=215932)

## Related bills

- B26-0047: Funeral Directors Licensing Reform Amendment Act of 2025 (signed)
- B26-0785: Peer-to-Peer Car Sharing Rental Vehicle Sales Tax Clarification Emergency Amendment Act of 2026 (signed)
- B26-0663: Fiscal Year 2026 Revised Local Budget Temporary Act of 2026 (signed)
- B26-0181: Short-Term Disability Insurance Benefit Protection Clarification Amendment Act of 2025 (signed)
- B26-0735: Special Education for Young Adults in the Custody of the Department of Corrections Temporary Amendment Act of 2026 (signed)
- B26-0760: Medical Cannabis Licensing and Unlicensed Establishment Enforcement Clarification Temporary Amendment Act of 2026 (signed)

## Sources
- [Enrollment (PDF)](https://lims.dccouncil.gov/downloads/LIMS/58038/Meeting1/Enrollment/PR26-0253-Enrollment1.pdf?Id=216811)
- [Introduced (PDF)](https://lims.dccouncil.gov/downloads/LIMS/58038/Introduction/PR26-0253-Introduction.pdf?Id=215932)

## Related
- [B26-0047: Funeral Directors Licensing Reform Amendment Act of 2025](https://policyrisk.com/state-bill/DC-B26-0047-26)
- [B26-0785: Peer-to-Peer Car Sharing Rental Vehicle Sales Tax Clarification Emergency Amend…](https://policyrisk.com/state-bill/DC-B26-0785-26)
- [B26-0663: Fiscal Year 2026 Revised Local Budget Temporary Act of 2026](https://policyrisk.com/state-bill/DC-B26-0663-26)
- [B26-0181: Short-Term Disability Insurance Benefit Protection Clarification Amendment Act…](https://policyrisk.com/state-bill/DC-B26-0181-26)
- [B26-0735: Special Education for Young Adults in the Custody of the Department of Correcti…](https://policyrisk.com/state-bill/DC-B26-0735-26)
- [B26-0760: Medical Cannabis Licensing and Unlicensed Establishment Enforcement Clarificati…](https://policyrisk.com/state-bill/DC-B26-0760-26)
- [District of Columbia bills](https://policyrisk.com/states/district-of-columbia/bills)
- [District of Columbia state hub](https://policyrisk.com/states/district-of-columbia)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/DC-PR26-0253-26 (as of 2026-11-04).