Source: https://development.code.dccouncil.us/dc/council/code/titles/42/chapters/28/
Timestamp: 2019-06-27 04:44:56
Document Index: 70205080

Matched Legal Cases: ['§ 42', '§ 42', '§ 205', '§ 2172', '§ 42', '§ 42', '§ 206', '§ 2172', '§ 42', '§ 207', '§ 2172', '§ 42', '§ 208', '§ 2172', '§ 42', '§ 209', '§ 2172', '§ 42', '§ 42', '§ 42', '§ 210', '§ 2172', '§ 42', '§ 211', '§ 2172', '§ 42', '§ 212', '§ 2172']

D.C. Law Library - Chapter 28. Housing Production Trust Fund.
§§ 42-2801 – 42-2804
§§ 42-2812.01 – 42-2812.12
(e) Unit A of Chapter 3 of Title 2 and subchapter III-A of Chapter 3 of Title 47 shall not apply to any contract the Mayor may from time to time enter into for purposes of this subchapter or the Mayor may determine to be necessary or appropriate for purposes of this subchapter to place, in whole or in part:
(1) An investment or obligation of the District as represented by the bonds;
(2) An investment or obligation of program of investment; or
(3) A contract or contracts based on the interest rate, currency, cash flow, or other basis, including, without limitation, interest rate swap agreements; currency swap agreements; insurance agreements; forward payment conversion agreements; futures contracts providing for payments based on levels of, or changes in, interest rates, currency exchange rates, or stock or other indices; contracts to exchange cash flows or a series of payments; and contracts to hedge payment, currency, rate, spread or similar exposure, including, without limitation, interest rate floors, or caps, options, puts, and calls.
The contracts or other arrangements may also be entered into by the District in connection with, or incidental to, entering into or maintaining any agreement that secures the bonds. The contracts or other arrangements shall contain whatever payment security, terms, and conditions as the Mayor may consider appropriate and shall be entered into with whatever party or parties the Mayor may select, after giving due consideration, where applicable, to the creditworthiness of the counterparty or counterparties, including any rating by a nationally recognized rating agency or any other criteria as may be appropriate. In connection with, or incidental to, the issuance or holding of the bonds, or entering into any contract or other arrangement referred to in this section, the District may enter into credit enhancement or liquidity agreements, with payment, interest rate, termination date, currency, security, default, remedy, any other terms and conditions as the Mayor determines. Proceeds of the bonds and any money set aside and pledged to secure payment of the bonds or any contract or other arrangement entered into pursuant to this section may be pledged to and used to service any contract or other arrangement entered into pursuant to this section.
(Mar. 16, 1989, D.C. Law 7-202, § 205; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
§ 42–2812.06. Payment and security.
(a) Except as otherwise provided in § 42-2812.03(b), the principal of, premium, if any, and interest on, the bonds shall be payable solely from proceeds received from the sale of the bonds, income realized from the temporary investment of those proceeds, receipts and revenues realized by the District from the Allocated Fund, income realized from the temporary investment of those receipts and revenues prior to payment to the bond owners, other moneys that, as provided in the Financing Documents, may be made available to the District for the payment of the bonds, and other sources of payment (other than the District), all as provided for in the Financing Documents.
(b) Payment of the bonds shall be secured as provided in the Financing Documents and by an assignment by the District for the benefit of the bond owners of certain of its rights under the Financing Documents and Closing Documents, including a security interest in certain collateral, if any, to the trustee for the bonds pursuant to the Financing Documents.
(Mar. 16, 1989, D.C. Law 7-202, § 206; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
§ 42–2812.07. Financing and Closing Documents.
(d) The Mayor’s execution and delivery of the Financing Documents and the Closing Documents to which the District is a party shall constitute conclusive evidence of the Mayor’s approval, on behalf of the District, of the final form and content of the executed Financing Documents and the executed Closing Documents, including those Financing Documents and Closing Documents to which the District is not a party.
(Mar. 16, 1989, D.C. Law 7-202, § 207; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
§ 42–2812.08. Authorized delegation of authority.
(Mar. 16, 1989, D.C. Law 7-202, § 208; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
§ 42–2812.09. Limited liability.
(Mar. 16, 1989, D.C. Law 7-202, § 209; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
This section is referenced in § 42-2812.10.
§ 42–2812.10. District officials.
(a) Except as otherwise provided in § 42-2812.09(e), 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 chapter, the bonds, the Financing Documents, or the Closing Documents.
(Mar. 16, 1989, D.C. Law 7-202, § 210; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
§ 42–2812.11. Maintenance of documents.
(Mar. 16, 1989, D.C. Law 7-202, § 211; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)
§ 42–2812.12. Information reporting.
(Mar. 16, 1989, D.C. Law 7-202, § 212; as added Oct. 20, 2005, D.C. Law 16-33, § 2172(c), 52 DCR 7503.)