District of Columbia Code
Subchapter IV - Financial Affairs of the Agency
§ 42–2704.08. Faith and credit and taxing power of District not pledged on obligation; statement thereto

Bonds, notes, and other obligations issued under the provisions of this chapter do not constitute an obligation of the District, but are payable solely from the revenues or assets of the Agency. Each bond, note, or other obligation issued under this chapter must contain on its face a statement that the Agency is not obligated to pay principal or interest except from the revenues or assets pledged and that neither the faith and credit nor the taxing power of the District is pledged to the payment of the principal or interest on a bond, note, or other obligation.
(Mar. 3, 1979, D.C. Law 2-135, § 408, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(s), 46 DCR 1100.)
1981 Ed., § 45-2138.
1973 Ed., § 45-1923.

Structure District of Columbia Code

District of Columbia Code

Title 42 - Real Property

Chapter 27 - Housing Finance Agency

Subchapter IV - Financial Affairs of the Agency

§ 42–2704.01. Receipt of funds; disposition thereof

§ 42–2704.01a. Repayment of funds

§ 42–2704.02. Issuance of bonds and notes; renewals and refunds; deemed obligations of Agency; negotiable instruments; director, employer, or agent not personally liable

§ 42–2704.03. Terms for sale of bonds and notes; effect of resolution authorizing sale; pledge of agency and lien thereon; signature valid after officeholder vacates

§ 42–2704.04. Trust indenture to secure bonds or notes; provisions protecting holders; expenses treated as operating expenses

§ 42–2704.05. Agency’s purchase of its own bonds and notes; maximum price

§ 42–2704.06. Special or reserve funds; management and investment of funds

§ 42–2704.07. No limitation, alteration, or impairment of rights and remedies of bondholders and noteholders

§ 42–2704.08. Faith and credit and taxing power of District not pledged on obligation; statement thereto

§ 42–2704.09. Bonds and notes as legal investments and securities

§ 42–2704.10. District tax exemptions; payments in lieu; exceptions

§ 42–2704.11. Deposits; payments out of accounts; contracts involving monies held in trust or otherwise for payment of notes or bonds

§ 42–2704.12. Investment of funds with financial institution or company doing business with Republic of South Africa. [Repealed]

§ 42–2704.13. Investment of funds with financial institution or company doing business with Northern Ireland