§ 2-1217.33j. District officials.

Current through October 23, 2012

(a) Except as otherwise provided in § 2-1217.33i(c), the elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the bonds or be subject to any personal liability by reason of the issuance of the bonds, or for any representations, warranties, covenants, obligations, or agreements of the District contained in this subpart, the bonds, the Financing Documents, or the Closing Documents.

(b) The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the Financing Documents, or the Closing Documents shall be valid and sufficient for all purposes notwithstanding the fact that the individual signatory ceases to hold that office before delivery of the bonds, the Financing Documents, or the Closing Documents.

                
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(Nov. 25, 2008, D.C. Law 17-278, § 11, 55 DCR 11050.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 17-278, see notes following § 2-1217.33a.