§ 10-1221.15. Federal recovery act reimbursement requirement.

Current through October 23, 2012

If the District or the Authority receive reimbursement, subsidy, or TIF debt service relief in excess of the funds required by the bond covenant authorized by this subchapter, pursuant to the American Recovery and Reinvestment Act of 2009, approved February 17, 2009 (123 Stat. 115; 26 U.S.C. § 1, note), the revenue and relief shall be credited to the District and shall be deposited in the General Fund of the District of Columbia.

                
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(Sept. 19, 2006, D.C. 16-133, § 113b, as added Oct. 22, 2009, D.C. Law 18- 78, § 3(e), 56 DCR 6959.)

HISTORICAL AND STATUTORY NOTES

Emergency Act Amendments

For temporary (90 day) addition, see § 3(e) of New Convention Center Hotel Emergency Amendment Act of 2009 (D.C. Act 18-186, August 12, 2009, 56 DCR 6967).

Legislative History of Laws

For Law 18-78, see notes following § 10-1202.01.