The issuance of Bonds, including any refunding Bonds, is authorized pursuant to § 1-204.90 to finance Retail Development Costs of TIF Areas certified by the Mayor pursuant to this subchapter. This subchapter constitutes an act of Council authorizing the issuance of Bonds, including refunding Bonds, as required by § 1-204.90. The Bonds shall be secured by Tax Increment Revenues in amounts not to exceed the limits provided for in this subchapter or other security authorized by this subchapter. The issuance of Bonds, including any refunding Bonds in specified aggregate principal amounts, shall be approved by the Mayor in accordance with this subchapter.
(Sept. 8, 2004, D.C. Law 15-185, § 8, 51 DCR 5941.)
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter IX-A - Tax Increment Financing For Retail Development
§ 2–1217.72. Limitations on issuance of Bonds
§ 2–1217.73. Retail Priority Areas
§ 2–1217.73a. Downtown retail priority area-demonstration project
§ 2–1217.73b. Retail Priority Area corridor revitalization programs
§ 2–1217.74. Rules of operation
§ 2–1217.75. Use of Bond proceeds; funding agreement
§ 2–1217.76. Allocation of Tax Increment Revenues
§ 2–1217.77. Issuance of Bonds
§ 2–1217.79. Security for Bonds
§ 2–1217.82. Prior legislation