July 23, 2026 - GO/ECON Joint Committee Worksession

The July 23, 2026 joint committee worksession of the Montgomery County Council's Government Operations and Fiscal Policy Committee and Economic Development Committee focused on expedited bill 31-26, which authorizes the issuance and sale of bonds totaling $420 million for the Viva White Oak Development District. The bond authorization is intended to fund the first phase of the development project. A technical amendment was discussed and adopted to require council approval by resolution for any bond issuances exceeding $220 million and $320 million, ensuring legislative oversight for later phases while allowing flexibility for initial funding. The committees voted unanimously to recommend the bill, as amended, to the full council for final approval. The meeting also included acknowledgments of the project's significance as the county's first Tax Increment Financing (TIF) district and plans for future oversight sessions on TIF processes.