If any particular provision of this subchapter, or the application thereof to any person or circumstance, is held invalid, the remainder of this subchapter and the application of such provision to other persons or circumstances shall not be affected thereby. If any action or inaction contemplated under this subchapter is determined to be contrary to the requirements of applicable law, such action or inaction shall not be necessary for the purpose of issuing of the bonds authorized by this subchapter, and the validity of the bonds shall not be adversely affected.
(Sept. 20, 1995, D.C. Law 11-46, § 16, 42 DCR 3603; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-340.15.
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 II-B - Industrial Revenue Bond Forward Commitment Program
§ 47–340.01. Revenue bonds and other obligations
§ 47–340.02. Bond authorization
§ 47–340.03. Council review for each individual project
§ 47–340.04. Details of each series of bonds
§ 47–340.05. Sale of the bonds
§ 47–340.06. Payment and security
§ 47–340.07. Financing and closing documents
§ 47–340.08. Authorized delegation of authority
§ 47–340.09. Limited liability
§ 47–340.10. District officials
§ 47–340.11. Maintenance of documents