A bill to amend the District of Columbia Self-Government and Governmental Reorganization Act with respect to the borrowing authority of the District of Columbia.

Amends the District of Columbia Self-Government and Governmental Reorganization Act to authorize the Mayor to accept loans from the Treasury of the United States and the Secretary of the Treasury to make loans to the Mayor for the completion of capital construction and construction services for which funds have been authorized or appropriated by Congress prior to January 2, 1977. Limits such authority for any fiscal year to such extent and in such amount as authorized by appropriation legislation.

Revises to February 1, the date upon which the Mayor must submit to the District of Columbia Council the financial statement for the preceding fiscal year.

Makes technical and conforming amendments with respect to restrictions upon persons who may be appointed to the Tenure Commission and the District of Columbia Judicial Nomination Commission.