Bill > B26-0535

This bill amends the Energy Efficiency Financing Act of 2010 to remove the existing $250 million cap on bond issuance for energy efficiency projects in the District of Columbia. By striking the language that limited bond principal to $250 million, the bill allows the District to issue bonds for energy efficiency financing without a specific monetary restriction. The bill is an emergency act, which means it will take effect upon mayoral approval (or Council override of a mayoral veto) and will remain in effect for no more than 90 days, as permitted under the District of Columbia Home Rule Act. The purpose appears to be providing more financial flexibility for the District to fund energy efficiency initiatives by eliminating the previous bonding limit, potentially enabling larger or more numerous energy efficiency projects.

https://lims.dccouncil.gov/Legislation/B26-0535