(a) The authority to issue the Class A and Class B Bonds, excluding Refunding Bonds, shall expire on September 30, 2025, if no Class A Bonds have been issued; provided, that the expiration of the authority shall have no effect on any bonds issued prior to the expiration date or on the District's ability to issue Refunding Bonds on a future date.
(b) The authority to issue the Class B Bonds shall expire on September 30, 2029, if no Class B Bonds have been issued; provided, that the expiration of the authority shall have no effect on any bonds issued prior to the expiration date or on the District's ability to issue Refunding Bonds on a future date.
(Mar. 22, 2019, D.C. Law 22-263, § 15, 66 DCR 1378; Sept. 11, 2019, D.C. Law 23-16, § 2014(b), 66 DCR 8621.)
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Applicability of D.C. Law 22-263: § 16 of D.C. Law 22-263 provided that the creation of this section by § 15 of D.C. Law 22-263 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
For temporary (90 days) amendment of this section, see § 2014(b) of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) amendment of this section, see § 2014(b) of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX - Tax Increment Financing
Subpart 9 - Rhode Island Avenue Project
§ 2–1217.39b. Creation of the RIA TIF Fund
§ 2–1217.39c. Creation of the RIA TIF Area
§ 2–1217.39d. Class A Bond authorization
§ 2–1217.39e. Class B Bond authorization
§ 2–1217.39f. Payment and security
§ 2–1217.39h. Issuance of the bonds
§ 2–1217.39i. Financing and Closing Documents
§ 2–1217.39j. Limited liability
§ 2–1217.39k. District officials
§ 2–1217.39l. Maintenance of documents
§ 2–1217.39m. Information reporting