Bonds issued under the provisions of this chapter do not constitute an obligation of the District and are payable solely from the revenues or assets of the Authority. Each bond issued under this chapter must contain on its face a statement that the Authority 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.
(Aug. 22, 2018, D.C. Law 22-155, § 406, 65 DCR 7159.)
Structure District of Columbia Code
Title 8 - Environmental and Animal Control and Protection
Chapter 1B-i - Green Finance Authority
Subchapter IV - Financial Affairs of the Green Finance Authority
§ 8–173.41. Receipt of funds; disposition thereof
§ 8–173.42. Repayment of funds
§ 8–173.44. Trust indenture to secure bonds; provisions protecting holders
§ 8–173.45. No limitation, alteration, or impairment of rights and remedies of bondholders
§ 8–173.47. Bonds as legal investments and securities