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PR 26-0293

The Field School, Inc. Revenue Bonds Project Approval Resolution of 2025

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

Authorizes revenue bond financing for The Field School, Inc. to acquire/construct/renovate facilities; bonds repaid from project revenues, not District general obligation.

Resolution R26-0252, Effective from Nov 18, 2025 Published in DC Register Vol 72 and Page 013095
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Bill Summary · PR 26-0293

Summary — PR 26‑0293

Title: The Field School, Inc. Revenue Bonds Project Approval Resolution of 2025
Bill Type: Resolution
Introduced: September 16, 2025 (Chairman Phil Mendelson, primary sponsor)
Status: Approved (Resolution No. R26‑0252) — Final reading and approval: November 18, 2025

Purpose and intent

PR 26‑0293 is a Project Approval Resolution that, by its title, authorizes or approves a revenue bond financing project for The Field School, Inc. The principal purpose of such resolutions is to permit a public authority (or the District) to participate in or approve the issuance of revenue bonds to finance the acquisition, construction, renovation, or refinancing of facilities used by a qualifying non‑profit institution — in this case, The Field School, a private educational institution.

Key provisions (based on title and typical practice)

The legislative record provided does not include the full text of the resolution or dollar amounts. Resolutions of this type commonly contain the following elements:
- A statement approving a project application submitted by The Field School, Inc. for revenue bond financing.
- Authorization for a District authority (or acceptance of a bond issuance) to issue revenue bonds to fund acquisition, construction, improvement, or refinance of school facilities.
- Findings that the project serves a public purpose (e.g., educational services) and meets statutory requirements for tax‑exempt or private activity financing.
- Representations concerning the nature of the bonds (revenue bonds typically payable from project revenues, not general obligation debt of the District).
- Requirements for compliance with applicable District and federal laws and for execution of necessary documents by District officials.

Because the resolution text is not included here, specific items such as the maximum bond principal amount, interest rate parameters, term, security provisions, or any contingent District obligations are not available.

Who is affected

  • The Field School, Inc.: primary beneficiary; would gain access to bond financing for its facilities.
  • Students, faculty, and staff: potential indirect benefit from improved or expanded facilities.
  • Bond purchasers and financial institutions: potential investors/underwriters.
  • District finances: typically minimal direct fiscal exposure if bonds are non‑recourse revenue bonds; exact impact depends on pledge and covenant language in the full resolution.

Legislative and procedural history

  • Introduced: 2025‑09‑16 by Chairman Mendelson
  • Referred: Committee on Business and Economic Development (9/17/2025)
  • Public notice and roundtable: Notices published (9/19/2025; roundtable on 10/29/2025)
  • Committee markup: 11/12/2025; Committee Report filed 11/17/2025 (includes hearing record)
  • Final reading and approval: 11/18/2025 — Adopted as Resolution No. R26‑0252

Notes / Where to find the full text

The summary above is based on the bill title and procedural record. For full, binding details (bond amount, terms, security, indemnities, District assurances), consult the official resolution text and committee report available from:
- Office of the Secretary of the Council of the District of Columbia, or
- Council legislative records / District of Columbia Register entries associated with PR 26‑0293 and Resolution R26‑0252.

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

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