Security for advances

The Secretary shall require the District government to provide such security for any advance made under §§ 47-3401 through 47-3401.04, as the Secretary determines to be appropriate. As security for any advance made under §§ 47-3401 through 47-3401.04, the Secretary may require the District government to: (1) Pledge to the Secretary specific taxes and revenue of the District government, if such pledging does not cause the District government to violate existing laws or contracts; and (2) Establish a debt service reserve fund pledged to the Secretary.