Except as may be otherwise provided in this subchapter, the principal of, premium, if any, and interest on, the bonds shall be payable solely from proceeds received from the sale of the bonds, income realized from the temporary investment of those proceeds, receipts and revenues realized by the District and deposited in the New Convention Center Hotel Fund, and income realized from the temporary investment of those receipts and revenues.
(Sept. 19, 2006, D.C. Law 16-163, § 108, 53 DCR 5430.)
For temporary (90 day) addition, see § 108 of New Convention Center Hotel Omnibus Financing and Development Emergency Act of 2006 (D.C. Act 16-404, June 26, 2006, 53 DCR 5404).
Structure District of Columbia Code
Title 10 - Parks, Public Buildings, Grounds, and Space
Chapter 12 - Washington Convention and Sports Authority
Subchapter II - New Convention Center Hotel Financing
§ 10–1221.03. Creation of the New Convention Center Hotel Fund
§ 10–1221.04. Creation of the New Convention Center Hotel TIF Area
§ 10–1221.05. Bond authorization
§ 10–1221.07. Issuance of the bonds
§ 10–1221.08. Payment and security
§ 10–1221.09. Financing Documents and Closing Documents
§ 10–1221.10. Limited liability
§ 10–1221.11. District officials
§ 10–1221.12. Maintenance of documents
§ 10–1221.13. Information reporting
§ 10–1221.14. Recovery zone designation
§ 10–1221.15. Federal recovery act reimbursement requirement