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
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
§ 42–2704.05. Agency’s purchase of its own bonds and notes; maximum price
§ 42–2704.06. Special or reserve funds; management and investment of funds
§ 42–2704.09. Bonds and notes as legal investments and securities
§ 42–2704.10. District tax exemptions; payments in lieu; exceptions