Title 2 — Government Administration.
32 chapters · 1,171 sections in this title.
D.C. Code § 2-1217.35f Bond details
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(a) The Mayor is authorized to take any action reasonably necessary or appropriate in accordance with this subpart in connection with the preparation, execution, issuance, sale, delivery, security for, and payment of the Bonds of each series, including, but not limited to, determ…
D.C. Code § 2-1217.35g Issuance of the Bonds
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(a) The Bonds of any series may be sold at negotiated or competitive sale at, above, or below par, to one or more persons or entities, or issued to the Development Sponsor, and upon terms that the Mayor considers to be in the best interests of the District. (b) The Mayor or an Au…
D.C. Code § 2-1217.35h Financing and Closing Documents
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(a) The Mayor is authorized to prescribe the final form and content of all Financing Documents and all Closing Documents to which the District is a party that may be necessary or appropriate to issue, sell, and deliver the Bonds. (b) The Mayor is authorized to execute, in the nam…
D.C. Code § 2-1217.35i Limited liability
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(a) The Bonds shall be special obligations of the District. The Bonds shall be without recourse to the District. The Bonds shall not be general obligations of the District, shall not be a pledge of, or involve, the faith and credit or the taxing power of the District (other than …
D.C. Code § 2-1217.35j District officials
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(a) Except as otherwise provided in § 2-1217.35i(c), the elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the Bonds or be subject to any personal liability by reason of the issuance of the Bonds, or f…
D.C. Code § 2-1217.35k Maintenance of documents
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Copies of the specimen Bonds and of the final Financing Documents and Closing Documents shall be filed in the Office of the Secretary of the District of Columbia.
D.C. Code § 2-1217.35l Information reporting
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Within 3 days after the Mayor’s receipt of the transcript of proceedings relating to the issuance of the Bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the Council.
D.C. Code § 2-1217.36a Definitions
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For the purposes of this subpart, the term: (1) “Development costs” shall have the same meaning as provided in § 2-1217.01(13). (2) “Development Sponsor” means Edens, or an affiliate thereof approved by the Mayor. (3) “Eligible project” shall have the same meaning as provided in …
D.C. Code § 2-1217.36b Findings
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The Council finds that: (1) Pursuant to § 1-204.90, the TIF Act provides for the issuance of TIF Bonds to finance certain public infrastructure costs of eligible projects to the extent the debt service on the TIF Bonds can be paid from tax revenues generated by those eligible pro…
D.C. Code § 2-1217.36c Declaration of intent
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(a) The Council supports the Project and, to the extent feasible, legal, and prudent under the District’s debt limitations, and in compliance with law, supports efforts to issue TIF Bonds to finance eligible development costs of the Project. (b) The maximum principal amount of th…
D.C. Code § 2-1217.36d Future legal requirements
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The issuance of TIF Bonds to finance the Project and the terms of the resolution approving the issuance of the TIF Bonds are subject to approval by the Council as set forth in the TIF Act. Enactment of this subpart in no way guarantees that the District will authorize the issue o…
D.C. Code § 2-1217.41 Definitions
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Repealed Repealed.
D.C. Code § 2-1217.42 Creation of the Broadcast Center One Fund
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Repealed Repealed.
D.C. Code § 2-1217.43 Creation of the Broadcast Center One TIF Area
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Repealed Repealed.
D.C. Code § 2-1217.44 Bond authorization
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Repealed Repealed.
D.C. Code § 2-1217.45 Bond details
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Repealed Repealed.
D.C. Code § 2-1217.46 Issuance of the bonds
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Repealed Repealed.
D.C. Code § 2-1217.47 Payment and security
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Repealed Repealed.
D.C. Code § 2-1217.48 Financing and Closing Documents
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Repealed Repealed.
D.C. Code § 2-1217.49 Limited liability
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Repealed Repealed.
D.C. Code § 2-1217.50 District officials
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Repealed Repealed.
D.C. Code § 2-1217.51 Maintenance of documents
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Repealed Repealed.
D.C. Code § 2-1217.52 Information reporting
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Repealed Repealed.
D.C. Code § 2-1217.71 Definitions
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For the purposes of this subchapter, the term: (1) “Available Real Property Tax Revenues” means the revenues resulting from the imposition of the tax under Chapter 8 of Title 47, including any penalties and interest charges, exclusive of the special tax provided for in § 1-204.81…
D.C. Code § 2-1217.72 Limitations on issuance of Bonds
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(a) Bonds shall not be issued pursuant to this subchapter to the extent the issuance will cause the aggregate principal amount of Bonds issued pursuant to this subchapter and the TIF Act to exceed $500 million; provided, that the aggregate amount of TIF bonds for projects in the …
D.C. Code § 2-1217.73 Retail Priority Areas
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(a)(1) The Mayor shall identify areas within the District where: (A) There exist barriers to entry that impede Retail Development Projects; and (B) The proceeds of Bonds may be used to eliminate these barriers to entry and promote Retail Development Projects. (2)(A) The Mayor may…
D.C. Code § 2-1217.73a Downtown retail priority area-demonstration project
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In the case of the Downtown Retail Priority Area, Retail Development Projects shall include, on a demonstration project basis, one or more restaurants; provided, that the total amount of Bonds available for such demonstration projects shall not be greater than 3% of the aggregate…
D.C. Code § 2-1217.73b Retail Priority Area corridor revitalization programs
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(a) Notwithstanding any tax increment financing that may be available, all funds allocated for Great Streets within the budgets of the Deputy Mayor for Planning and Economic Development and the District Department of Transportation shall be used to support the following corridor …
D.C. Code § 2-1217.74 Rules of operation
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(a) Upon approval by resolution pursuant to § 2-1217.73(a) with respect to any Retail Priority Area, or upon September 8, 2004, in the case of the Downtown Retail Priority Area, the Mayor shall establish Rules of Operation with respect to each Retail Priority Area as the Mayor co…
D.C. Code § 2-1217.75 Use of Bond proceeds; funding agreement
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(a) When a Retail Development Project is certified as a TIF Area by the Mayor pursuant to this subchapter, the proceeds of Bonds issued with respect to the TIF Area shall be used to pay Retail Development Costs and shall be subject to such terms, conditions, and requirements as t…
D.C. Code § 2-1217.76 Allocation of Tax Increment Revenues
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(a) Within 60 days after the certification of a TIF Area by the Mayor, the CFO shall provide for the allocation of Tax Increment Revenues within each TIF Area. The CFO shall establish one or more separate tax increment allocation accounts within the General Fund of the District o…
D.C. Code § 2-1217.77 Issuance of Bonds
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The issuance of Bonds, including any refunding Bonds, is authorized pursuant to § 1-204.90 to finance Retail Development Costs of TIF Areas certified by the Mayor pursuant to this subchapter. This subchapter constitutes an act of Council authorizing the issuance of Bonds, includi…
D.C. Code § 2-1217.78 Details of Bonds
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(a) The Mayor may take any action necessary or appropriate in accordance with this subchapter in connection with the preparation, execution, issuance, sale, delivery, and payment of Bonds, including determinations of: (1) The final form, content, designation, and terms of the Bon…
D.C. Code § 2-1217.79 Security for Bonds
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(a) A series of Bonds may be secured by a trust agreement or trust indenture between the District and a corporate trustee having trust powers, or secured by a loan agreement or other instrument giving power to a corporate trustee by means of which the District may do the followin…
D.C. Code § 2-1217.80 Default
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If there shall be a default in the payment of the principal of, or interest on, any Bonds of a series after the principal or interest shall become due and payable, whether at maturity or upon call for redemption, or if the District shall fail or refuse to carry out and perform th…
D.C. Code § 2-1217.81 Liability
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(a) The members of the Council, the Mayor, or any person executing Bonds shall not be liable personally on the Bonds by reason of the issuance thereof. (b) Notwithstanding any other provision of this subchapter, the Bonds shall not be general obligations of the District and shall…
D.C. Code § 2-1217.82 Prior legislation
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This subchapter shall not adversely affect any actions taken, agreements entered into, pledge of security made or Bonds issued prior to September 8, 2004.
D.C. Code § 2-1217.83 Promulgation of rules and regulations
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The Mayor shall promulgate rules and regulations setting forth the criteria and procedures necessary to implement the provisions of this subchapter.
D.C. Code § 2-1217.84 Construction
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This subchapter shall be liberally construed to effect the purposes stated herein.
D.C. Code § 2-1219.01 Definitions
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Repealed.
D.C. Code § 2-1219.02 Establishment of the Corporation; purposes; fiscal year
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Repealed Repealed.
D.C. Code § 2-1219.03 Board of Directors
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Repealed Repealed.
D.C. Code § 2-1219.04 Meetings of the Board
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Repealed Repealed.
D.C. Code § 2-1219.05 Officers and employees
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Repealed Repealed.
D.C. Code § 2-1219.06 Limitations of actions
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Repealed Repealed.
D.C. Code § 2-1219.07 Relation to other laws
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Repealed Repealed.
D.C. Code § 2-1219.08 Establishment of Enterprise Fund
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Repealed Repealed.
D.C. Code § 2-1219.09 Prohibition on political activity
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Repealed Repealed.
D.C. Code § 2-1219.10 Rules with respect to gifts, procurement of goods and services, property disposition, conflict of interest
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Repealed Repealed.
D.C. Code § 2-1219.11 Conflict of interest; disclosure; waiver of bar against participation by interested party
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Repealed Repealed.