§ 47-309. Borrowing of funds by Mayor.

Current through October 23, 2012

The Mayor is authorized to borrow funds from the United States Treasury in anticipation of the collection or receipt of revenues; provided, that each such borrowing is approved by the Council in advance of such borrowing by resolution.

                
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(Sept. 16, 1980, D.C. Law 3-104, § 10, 27 DCR 3748; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 47-309.

Legislative History of Laws

For legislative history of D.C. Law 3-104, see Historical and Statutory Notes following § 47-381.