(a) Except as otherwise provided in § 2-1217.140(c), the elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the bonds, be subject to any personal liability by reason of the issuance of the bonds, or be personally liable for any representations, warranties, covenants, obligations, or agreements of the District contained in this subchapter, the bonds, the Financing Documents, or the Closing Documents.
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the Financing Documents, or the Closing Documents shall be valid and sufficient for all purposes notwithstanding the fact that the individual signatory ceases to hold that office before delivery of the bonds, the Financing Documents, or the Closing Documents.
(Oct. 22, 2008, D.C. Law 17-252, § 111, 55 DCR 9251.)
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX-C - Southwest Waterfront Redevelopment
§ 2–1217.133. Creation of the Southwest Waterfront Fund
§ 2–1217.134. Creation of the Southwest Waterfront PILOT/TIF Area
§ 2–1217.135. Bond authorization
§ 2–1217.136. Payment and security
§ 2–1217.138. Sale of the bonds
§ 2–1217.139. Financing and Closing Documents
§ 2–1217.140. Limited liability
§ 2–1217.141. District officials