(a) Except as otherwise provided in § 2-1217.40j(c), the elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the bonds or be subject to any personal liability by reason of the issuance of the bonds, or for any representations, warranties, covenants, obligations, or agreements of the District contained in this subpart, 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.
(Mar. 16, 2021, D.C. Law 23-202, § 12, 67 DCR 13876.)
For temporary (90 days) creation of this section, see § 12 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 12 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
For temporary (225 days) creation of this section, see § 12 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX - Tax Increment Financing
§ 2–1217.40b. Creation of the Reunion Square TIF Fund
§ 2–1217.40c. Creation of the Reunion Square TIF Area
§ 2–1217.40d. Class A Bond authorization
§ 2–1217.40e. Class B Bond authorization
§ 2–1217.40f. Payment and security
§ 2–1217.40h. Issuance of the bonds
§ 2–1217.40i. Financing and Closing Documents
§ 2–1217.40j. Limited liability
§ 2–1217.40k. District officials
§ 2–1217.40l. Maintenance of documents