(a) Except as otherwise provided in § 42-2812.09(e), 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 chapter, 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, 1989, D.C. Law 7-202, § 210; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
For temporary (90 day) addition, see § 2172(c) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667).
Structure District of Columbia Code
Chapter 28 - Housing Production Trust Fund
Subchapter II - Bond Authorization
§ 42–2812.03. Bond authorization for New Community Initiative neighborhoods, including Sursum Corda
§ 42–2812.05. Sale of the bonds
§ 42–2812.06. Payment and security
§ 42–2812.07. Financing and Closing Documents
§ 42–2812.08. Authorized delegation of authority
§ 42–2812.09. Limited liability
§ 42–2812.10. District officials