If the District or the Authority receive reimbursement, subsidy, or TIF debt service relief in excess of the funds required by the bond covenant authorized by this subchapter, pursuant to the American Recovery and Reinvestment Act of 2009, approved February 17, 2009 (123 Stat. 115; 26 U.S.C. § 1 , note), the revenue and relief shall be credited to the District and shall be deposited in the General Fund of the District of Columbia.
(Sept. 19, 2006, D.C. Law 16-163, § 113b; as added Oct. 22, 2009, D.C. Law 18-78, § 3(e), 56 DCR 6959.)
American Recovery and Reinvestment Act of 2009, 123 Stat. 115, 111 P.L. 5.
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