Title 8, Environmental and Animal Control and Protection.

(a) The Authority shall be governed by the Green Finance Authority Board, which shall consist of 11 members as follows: (1) Four non-voting members as follows: (A) The Director of the Department, or the Director's designee, who shall serve as vice chair of the Board; (B) The Depu…

(a) The powers of the Authority shall be vested in and exercised by the Board. The Board may take action at a meeting held at a time and place fixed by its bylaws. (b) Within 60 days after 6 of the voting members of the Board have been appointed, the Board shall adopt bylaws, gui…

(a) The Board shall appoint an Executive Director who shall be an employee of the Authority, but who shall not be a member of the Board, and who shall serve at the pleasure of the Board and receive such compensation as shall be fixed by the Board. The Executive Director shall adm…

(a) There is established as a special fund the Green Finance Authority Fund ("Fund"), which shall be administered by the Authority in accordance with subsections (c) and (d) of this section. (b) Revenue from the following sources shall be deposited into the Fund: (1) Appropriated…

(a) The Authority may use funds obtained from the issue of debt under § 1-204.90 to make, issue commitments for, or participate in making loans, loan guarantees, or other forms of financing for sustainable projects and programs. (b) The Authority may invest in, purchase, make com…

Before making or offering any loans, loan guarantees, credit enhancements, bonds, or other financing mechanisms for sustainable projects and programs, the Authority shall issue guidelines that specify borrower eligibility, terms and conditions of support, and other relevant crite…

The Board shall establish guidelines to govern the acceptance, administration, and expenditure by the Authority of gifts, grants, appropriations, loans, bond proceeds, property or assets, or any other type of financial assistance from public or private sources. Board approval sha…

The Authority shall not be required to repay moneys provided to it by the District government, including accrued interest thereon.

(a) The Authority, pursuant to § 1-204.90(a)(6), may, to carry out the authorized purposes of the Authority: (1) Incur debt by the issuance of revenue bonds; and (2) Borrow or lend money to finance or assist in the financing of undertakings authorized by this chapter. (b) The Aut…

(a) The Authority may secure bonds by a trust indenture between the Authority and a corporate trustee that has the authority to exercise corporate trust powers within the District. (b) A trust indenture of the Authority may contain provisions for protecting and enforcing the righ…

The District pledges to the holders of any bonds issued under this chapter that the District will not limit or alter rights vested in the Authority to fulfill agreements made with holders of the bonds, or in any way impair the rights and remedies of the holders of the bonds until…

Bonds issued under the provisions of this chapter do not constitute an obligation of the District and are payable solely from the revenues or assets of the Authority. Each bond issued under this chapter must contain on its face a statement that the Authority is not obligated to p…

The bonds of the Authority are legal investments in which public officers and public bodies of the District, insurance companies and associations and other persons carrying on an insurance business, banks, bankers, banking institutions including savings and loan associations, bui…

(a) The assets and income of the Authority shall be exempt from taxation by the District government. (b) Bonds issued by the Authority and the interest thereon are exempt from District taxation except estate, inheritance, and gift taxes.

All monies of the Authority shall be deposited as soon as practicable in financial institutions regulated or insured by a federal or District agency.

(a) Within 90 days after the end of each fiscal year, the Authority shall publish on its website and submit to the Mayor and the Council an annual report of its activities for the preceding year. The annual report shall set forth: (1) A complete financial statement for the preced…

(a) The Authority shall contract at least once each year with an independent certified public accountant to audit its books and accounts. Within 10 days after receiving the results of the audit from the independent certified public accountant, the Authority shall transmit the res…

At least once per year, the Board shall hold a public hearing on the Authority's performance. The Board shall publish notice of the hearing on the Authority's website and in the District of Columbia Register at least 14 calendar days before the hearing, and the hearing shall be r…

The Authority shall make the following documents available to the public on its website: (a)(1) The financial plan for its capital base; (2) Board meeting minutes and records; and (3) All bylaws, guidelines, and procedures adopted or issued by the Board or the Authority.

The provisions of this chapter shall be liberally construed so as to effectuate those powers that are specifically enumerated.

(a) Chapter 3A of Title 2, and its implementing regulations, shall not apply to the Authority. (b) Subchapter IV of Chapter 5 of Title 2 shall apply to the Authority. (c) Subchapter I of Chapter 5 of Title 2, and the regulations implementing those provisions, shall not apply to t…

(a) The District may, upon request by the Authority and at the discretion of the Attorney General for the District of Columbia ("Attorney General"), provide representation through the Office of the Attorney General to the Authority and its officers and employees for legal matters…

The CFO shall exercise authority over the Authority consistent with § 1-204.24a through § 1-204.24f.