Prince George's Council Considers $751.4 Million GO and Stormwater Bonds

Documents posted and updated on Feb. 18, 2026 show Council Bill CB-004-2026 would authorize Prince George's County to issue and sell general obligation bonds and GO stormwater management bonds totaling up to $751,371,000 in aggregate. The public posting of CB-004-2026 places a multi-hundred million dollar borrowing plan before the Prince George's County Council for formal consideration.

The text of CB-004-2026, as posted Feb. 18, identifies two categories of debt: general obligation bonds and GO stormwater management bonds. The bill’s language centers on issuance and sale of those bonds and sets the aggregate cap at $751,371,000, reflecting the maximum borrowing authority the Council would approve if the act is adopted in its current form.

A measure authorizing up to $751,371,000 in GO and stormwater bonds would reshape the county’s capital financing options because general obligation debt is backed by the full faith and credit of Prince George's County and stormwater bonds are tied to water management projects. By placing both bond types into a single bill, CB-004-2026 consolidates borrowing authority under one legislative action rather than separate authorizations.

The Feb. 18 posting is the formal public step recorded by the Council that makes the bill text available for review and comment. That posting and update mark CB-004-2026’s entry into the Council’s legislative docket; subsequent action will require Council consideration and votes to move from authorization to sale and closing of any bonds within the $751,371,000 aggregate limit.

If approved, CB-004-2026’s $751,371,000 cap would set a clear legal ceiling on how much Prince George's County could borrow under this authorization for GO and stormwater purposes. The Council’s handling of CB-004-2026 will determine the timing and scale of any bond sales and the scope of projects supported by the proceeds under the terms described in the Feb. 18, 2026 documents.