The Mayor is authorized to borrow funds from the United States Treasury in anticipation of the collection or receipt of revenues; provided, that each such borrowing is approved by the Council in advance of such borrowing by resolution.
(Sept. 16, 1980, D.C. Law 3-104, § 10, 27 DCR 3748; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-309.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 3 - Budget and Financial Management; Borrowing; Deposit of Funds
Subchapter I - Budget and Financial Management
§ 47–301.01. Submission of annual expense estimates by court-appointed receivers
§ 47–305.01. Revenue from public rights-of-way included in budget submission
§ 47–306. Submission and approval of gross planning budget
§ 47–307. Submission of control budget
§ 47–308. Establishment of budget structure
§ 47–308.01. Performance-based budget
§ 47–308.02. Relevant performance measures
§ 47–308.03. Performance accountability reporting
§ 47–308.04. Replacement schedule for capital assets
§ 47–309. Borrowing of funds by Mayor
§ 47–310. Master capital projects
§ 47–310.01. Financial Reports by Mayor
§ 47–310.02. Schedule and notice requirement for completion of Annual Comprehensive Financial Report
§ 47–311. Estimate of expenditures by Mayor
§ 47–313.01. Source of payment for employees detailed within government
§ 47–314. Office of Financial Management established [Repealed]
§ 47–316. Transfer of powers, duties and functions to Treasurer [Repealed]