The fourth sentence of section 446 of the District of Columbia Home Rule Act (§ 1-204.46) shall not apply with respect to any of the following obligations or expenditures:
(1) Borrowing conducted pursuant to § 47-398.01(a);
(2) The pledging of revenues as security for such borrowing pursuant to § 47-398.02(a);
(3) The payment of principal, interest, premium, debt servicing, contributions to reserves, or other costs associated with such borrowing; or
(4) Other obligations or expenditures made to carry out any arena preconstruction activity described in § 47-398.04.
(Sept. 6, 1995, 109 Stat. 269, Pub. L. 104-28, § 203; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-398.3.
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 VIII - District of Columbia Convention Center and Sports Arena Authorization
§ 47–396.01. Expenditure of revenues for Convention Center activities
§ 47–398.02. Permitting certain District revenues to be pledged as security for borrowing
§ 47–398.03. No appropriation necessary for arena preconstruction activities
§ 47–398.04. Arena preconstruction activities described
§ 47–398.05. Limitation on amount of borrowing financed by arena tax
§ 47–398.06. Rule of construction regarding revenue bond requirements under Home Rule Act