I
104TH CONGRESS
1ST SESSION
H. R. 1843
To permit a designated authority to borrow funds for the development and
construction of a sports arena in the District of Columbia, to permit
the District of Columbia to pledge certain revenues as security for the
borrowing of such funds, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JUNE 14, 1995
Ms. NORTON (by request) (for herself and Mr. DAVIS) introduced the follow-
ing bill; which was referred to the Committee on Government Reform and
Oversight
A BILL
To permit a designated authority to borrow funds for the
development and construction of a sports arena in the
District of Columbia, to permit the District of Columbia
to pledge certain revenues as security for the borrowing
of such funds, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘District of Columbia
Sports Arena Financing Act of 1995’’.
SEC. 2. PERMITTING DESIGNATED AUTHORITY TO BORROW
FUNDS 
FOR 
CONSTRUCTION 
OF 
SPORTS
ARENA.
(a) IN GENERAL.—An agency or instrumentality may
borrow funds for purposes of developing and constructing
a sports arena in the District of Columbia if the agency
or instrumentality is granted the authority to borrow
funds for such purposes by the District of Columbia gov-
ernment.
(b) TREATMENT OF DEBT CREATED.—Any debt cre-
ated pursuant to subsection (a) shall not—
(1) be considered general obligation debt of the
District of Columbia for any purpose, including the
limitation on the annual aggregate limit on debt of
the District of Columbia under section 603(b) of the
District of Columbia Self-Government and Govern-
mental Reorganization Act (sec. 47–313(b), D.C.
Code);
(2) constitute the lending of the public credit
for private undertakings for purposes of section
602(a)(2) of such Act (sec. 1–233(a)(2), D.C. Code);
or
(3) be a pledge of or involve the full faith and
credit of the District of Columbia.
SEC. 3. PERMITTING CERTAIN DISTRICT REVENUES TO BE
PLEDGED AS SECURITY FOR BORROWING.
(a) IN GENERAL.—The District of Columbia (includ-
ing the agency or instrumentality described in section
2(a)) may pledge as security for any borrowing under-
taken pursuant to section 2(a) any revenues of the District
of Columbia which are attributable to the sports arena tax
imposed as a result of the enactment of D.C. Law 10–
315.
(b) EXCLUSION OF PLEDGED REVENUES FROM CAL-
CULATION OF ANNUAL AGGREGATE LIMIT ON DEBT.—
Any revenues pledged as security by the District of Colum-
bia pursuant to subsection (a) shall be excluded from the
determination of the dollar amount equivalent to 14 per-
cent of District revenues under section 603(b)(3)(A) of the
District of Columbia Self-Government and Governmental
Reorganization Act (sec. 47–313(b)(3)(A), D.C. Code).
SEC. 4. NO APPROPRIATION NECESSARY FOR ACTIVITIES
RELATING TO BORROWING.
The fourth sentence of section 446 of the District of
Columbia Self-Government and Governmental Reorganiza-
tion Act (sec. 47–304, D.C. Code) shall not apply with
respect to any of the following obligations or expenditures:
(1) The proceeds of any borrowing conducted
pursuant to section 2(a).
(2) The pledging of revenues as security for
such borrowing pursuant to section 3(a).
(3) The payment of principal, interest, or other
costs associated with such borrowing.
Æ