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PR 26-0344

Children’s Hospital Revenue Bonds Project Approval Resolution of 2025

26th Council Period (2025-2026) Introduced by Phil Mendelson

PR 26-0344 authorizes up to $550 million in tax-exempt bonds for Children’s Hospital to refinance debt and fund critical renovations, enhancing community healthcare services.

Resolution R26-0253, Effective from Nov 18, 2025 Published in DC Register Vol 72 and Page 013104
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Bill Summary · PR 26-0344

Summary of PR 26-0344: Children’s Hospital Revenue Bonds Project Approval Resolution of 2025

Purpose and Intent

The Children’s Hospital Revenue Bonds Project Approval Resolution of 2025 (PR 26-0344) aims to authorize the issuance of tax-exempt revenue bonds to support the financial needs of Children’s Hospital located at 111 Michigan Avenue, NW, Washington, D.C. The primary intent of the resolution is to facilitate the refinancing of existing debt and fund necessary renovations and improvements to the hospital's facilities.

Key Provisions

  • Bond Issuance: The resolution authorizes the issuance, sale, and delivery of revenue bonds totaling up to $550 million.
  • Use of Proceeds: The funds raised through these bonds will be allocated for:
    • Refunding previous bond issuances.
    • Renovations and site improvements at the hospital, including:
    • Expansion of the Pediatric Intensive Care Unit.
    • Renovations to the Emergency Room.
    • Construction of a new Special Maternal Delivery Unit.
    • Implementation of an electronic medical record and billing system (EPIC EMR).
  • Non-Recourse to District: The bonds will not be backed by the District’s full faith and credit, meaning they will not constitute a debt of the District or involve its taxing power.

Affected Parties

  • Children’s Hospital: As the primary beneficiary, the hospital will utilize the funds for critical infrastructure improvements that aim to enhance healthcare services.
  • District Residents: The improvements are expected to contribute positively to the health and welfare of the community, potentially creating jobs and improving healthcare access.

Procedural Timeline

  • Introduced: October 10, 2025
  • Committee Referral: Referred to the Committee on Business and Economic Development on October 21, 2025.
  • Public Roundtable: Scheduled for October 29, 2025, to gather public testimony and feedback.
  • Mark-up Meeting: The Committee will consider and vote on the resolution on November 12, 2025.

Conclusion

PR 26-0344 represents a significant financial initiative aimed at improving healthcare infrastructure at Children’s Hospital. By authorizing the issuance of substantial revenue bonds, the resolution seeks to ensure that the hospital can continue to provide high-quality medical services to the community while managing its financial obligations effectively. The upcoming public roundtable and committee mark-up will be crucial steps in the legislative process, allowing for community input and further discussion on the resolution's implications.

Compiled from official sources — confirm details with the bill’s official record.

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