(a) The Mayor may designate recovery zones pursuant to sections 1400U-1, 1400U-2, and 1400U-3 of the Internal Revenue Code of 1986, approved February 17, 2009 (123 Stat. 348; 26 U.S.C. §§ 1400U-1, 1400U-2, and 1400U-3).
(b) Square 370, having been determined to be an area of general distress, is designated as a recovery zone.
(Sept. 19, 2006, D.C. Law 16-163, § 113a; as added Oct. 22, 2009, D.C. Law 18-78, § 3(e), 56 DCR 6959.)
For temporary (90 day) addition, see § 3(e) of New Convention Center Hotel Emergency Amendment Act of 2009 (D.C. Act 18-186, August 12, 2009, 56 DCR 6967).
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