District of Columbia Official Code 2001 Edition. |
Division VIII. General Laws. |
Title 47. Taxation, Licensing, Permits, Assessments, and Fees. |
Chapter 3. Budget and Financial Management; Borrowing; Deposit of Funds. |
Subchapter VIII. District of Columbia Convention Center and Sports Arena Authorization. |
Part B. Sports Arena. |
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Current through October 23, 2012
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.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 47-398.3.