Source: https://code.dccouncil.us/dc/council/code/titles/8/chapters/1B-i/subchapters/IV/
Timestamp: 2020-07-15 05:02:49
Document Index: 535195781

Matched Legal Cases: ['§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 401', '§ 402', '§ 1', '§ 1', '§ 403', '§ 404', '§ 405', '§ 406', '§ 407', '§ 408', '§ 409']

D.C. Law Library - Subchapter IV. Financial Affairs of the Green Finance Authority.
↪ Subchapter IV. Financial Affairs of the Green Finance Authority.
Subchapter V. Public Accountability.
§ 8–173.41. Receipt of funds; disposition thereof.
§ 8–173.42. Repayment of funds.
§ 8–173.43. Issuance of bonds; renewals and refunds; deemed obligations of Authority; negotiable instruments; director, employer, or agent not personally liable.
§ 8–173.44. Trust indenture to secure bonds; provisions protecting holders.
§ 8–173.45. No limitation, alteration, or impairment of rights and remedies of bondholders.
§ 8–173.46. Faith and credit and taxing power of District not pledged on obligation; statement thereto.
§ 8–173.47. Bonds as legal investments and securities.
§ 8–173.48. District tax exemptions.
§ 8–173.49. Deposits.
(Aug. 22, 2018, D.C. Law 22-155, § 401, 65 DCR 7159.)
(Aug. 22, 2018, D.C. Law 22-155, § 402, 65 DCR 7159.)
(a) The Authority, pursuant to § 1-204.90(a)(6), may, to carry out the authorized purposes of the Authority:
(2) Borrow or lend money to finance or assist in the financing of undertakings authorized by this chapter.
(1) Determines that the use of the proceeds meets the requirements of this chapter and § 1-204.90; and
(c) Regardless of their form or character, bonds and other debt instruments of the Authority are negotiable instruments for all purposes of Subtitle I of Title 28, subject only to the provisions of the bonds for registration.
(e) No notice, proceeding, consent, or approval shall be required for the issuance or performance of any bond of the Authority or the execution of any instrument relating thereto or to the security therefor, except as provided in this chapter or in guidelines issued by the Authority.
(f) The Authority may stipulate by resolution the terms for sale of its bonds in accordance with this chapter, including the following:
(Aug. 22, 2018, D.C. Law 22-155, § 403, 65 DCR 7159.)
(Aug. 22, 2018, D.C. Law 22-155, § 404, 65 DCR 7159.)
The District pledges to the holders of any bonds issued under this chapter that the District will not limit or alter rights vested in the Authority to fulfill agreements made with holders of the bonds, or in any way impair the rights and remedies of the holders of the bonds until the bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of such holders are fully met and discharged. The Authority may include this pledge of the District in any agreement with the holders of bonds.
(Aug. 22, 2018, D.C. Law 22-155, § 405, 65 DCR 7159.)
Bonds issued under the provisions of this chapter do not constitute an obligation of the District and are payable solely from the revenues or assets of the Authority. Each bond issued under this chapter must contain on its face a statement that the Authority is not obligated to pay principal or interest except from the revenues or assets pledged and that neither the faith and credit nor the taxing power of the District is pledged to the payment of the principal or interest on a bond.
(Aug. 22, 2018, D.C. Law 22-155, § 406, 65 DCR 7159.)
(Aug. 22, 2018, D.C. Law 22-155, § 407, 65 DCR 7159.)
(Aug. 22, 2018, D.C. Law 22-155, § 408, 65 DCR 7159.)
(Aug. 22, 2018, D.C. Law 22-155, § 409, 65 DCR 7159.)