Title 50 — Motor and Non-Motor Vehicles and Traffic.

In an effort to combat the parking shortages in areas of the District to be defined, the Council finds it necessary to create an independent corporate body for the acquisition, construction and operation of public off-street parking facilities for motorized and nonmotorized vehic…

For the purposes of this chapter, the term: (1) “Bond” or “bonds” means any revenue bond, note, or other obligation (including refunding bonds, notes, or other obligations) to borrow money to finance, to assist in financing, or to refinance undertakings authorized by this chapter…

(a) There is established an Authority to be known as the Public Parking Authority of the District of Columbia (“Authority”). (b) The Authority shall be organized as a corporate body which has a legal existence separate from the District government but which is an instrumentality …

(a) A Board of Directors (“Board”) is established to manage the affairs of the Authority. (b) The Board shall be comprised of 5 members, one of whom shall be the Chief Financial Officer of the District. The Board chairperson and 3 other members shall be appointed by the Mayor wit…

Before entering upon the discharge of the duties of office, each member of the Board shall take an oath that he or she will faithfully execute the duties of office according to the laws of the District. Each member shall also take and subscribe to an oath or affirmation that the …

(a) The Board shall appoint an Executive Director who shall be the chief administrative officer of the Authority. The Executive Director shall not be a member of the Board and shall serve at the pleasure of the Board. The Executive Director shall be a District resident throughout…

Notwithstanding the provisions of Unit A of Chapter 14 of Title 2, each qualified District resident applicant for a position within the Authority shall receive an additional 10-point preference over a qualified non-District resident applicant unless the applicant declines the pre…

The powers of the Authority shall include the following: (1) To have perpetual existence as a corporation pursuant to the laws of the District pertaining to corporations; (2) To appoint, by majority vote of the Board an Executive Director, General Counsel, and other officers and …

(a) All property conveyed to the Authority shall be conveyed in the name of the Authority. (b) The purpose for which property is leased and for which the privileges, permits, and concessions are granted may not be inconsistent with the use of the property for the purposes authori…

(a) After the establishment of a parking district by the Council pursuant to § 50-2511, the Authority may request that the Mayor transfer District-owned property to the Authority. The Mayor, pursuant to Chapter 8 of Title 10, may sell, lease, grant, convey, acquire, or otherwise …

(a) There is established a special fund to be known as the Parking System Fund (“Fund”). (b) The Authority shall administer the Fund. (c) The monies deposited into the Fund shall not be a part of, nor lapse into, the General Fund of the District. (d) Monies in the Fund shall deri…

(a)(1) Parking districts shall be geographical areas definable by specific metes and bounds and may be located in any area permitted in accordance with the zoning regulations of the District. (2) Parking facilities may be established in any section or portion of the District exce…

(a) The Council delegates to the Authority the power of the Council, as provided in § 1-204.90, to issue revenue bonds in such principal amounts as, in the opinion of the Authority, shall be necessary to finance the cost of acquiring property and of establishing, constructing, er…

(a) Bonds issued by the Authority and the interest thereon are exempt from District taxation except estate, inheritance, and gift taxes. (b) Real and personal property owned and used for exempt purposes by the Authority shall be exempt from District taxation.

(a) No member of the Board or employees of the Authority shall be employed by, be an officer or director of, or have any ownership interest in any corporation or entity which is a party to any agreement with the Authority. No monies of the Authority shall be deposited in any fina…