Source: http://dccode.elaws.us/code?no=47-3%7CVIII%7CB&e=8
Timestamp: 2020-01-22 23:53:38
Document Index: 563507167

Matched Legal Cases: ['§ 47', '§ 47', '§ 47', '§ 47', '§ 1', '§ 47', '§ 301', '§ 47', '§ 47', '§ 47', '§ 1', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§ 4', '§ 4', '§ 1303', '§ 47', '§ 47', '§ 1', '§ 47']

§ 47-398.02. Permitting certain District revenues to be pledged as security for borrowing.
(a) In general. -- The District of Columbia (including the designated authority described in § 47-398.01(c)) may pledge as security for any borrowing undertaken pursuant to § 47-398.01(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 10-128 (as amended by the Arena Tax Amendment Act of 1994 (D.C. Act 10-315)), upon the transfer of such revenues by the Mayor of the District of Columbia to the designated authority pursuant to § 47-2752(a-1)(3).
(b) Exclusion of pledged revenues from calculation of annual aggregate limit on debt. -- Any revenues pledged as security by the District of Columbia pursuant to subsection (a) of this section shall be excluded from the determination of the dollar amount equivalent to 14% of District revenues under § 1- 206.03(b)(3)(A).
1981 Ed., § 47-398.2.
The reference in subsection (a) to "D.C. Law 10-128 (as amended by the Arena Tax Amendment Act of 1994 (D.C. Act 10-315))" is a reference to §§ 301 through 304 of D.C. Law 10-128 as amended by D.C. Law 10-189, which are codified as §§ 47-2751 through 47-2753 and notes to § 47-2751.
§ 47-398.03. No appropriation necessary for arena preconstruction activities.
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:
1981 Ed., § 47-398.3.
§ 47-398.04. Arena preconstruction activities described.
1981 Ed., § 47-398.4.
§ 47-398.05. Limitation on amount of borrowing financed by arena tax.
1981 Ed., § 47-398.5.
For temporary addition of section, see § 4 of the Real Property Tax Rates for Tax Year 1996 Emergency Amendment Act of 1995 (D.C. Act 11-148, October 26, 1995, 42 DCR 6054), § 4 of the Real Property Tax Rates for Tax Year 1996 Congressional Review Emergency Amendment Act of 1996 (D.C. Act 11-183, January 22, 1996, 43 DCR 376), and § 1303 of the Budget Support Congressional Review Emergency Act of 1996 (D.C. Act 11-206, February 9, 1996, 43 DCR 777).
For legislative history of D.C. Law 11-98, see Historical and Statutory Notes following § 47-319.01.
§ 47-398.06. Rule of construction regarding revenue bond requirements under Home Rule Act.
Nothing in the District of Columbia Convention Center and Sports Arena Authorization Act of 1995 may be construed to affect the application of section 490 of the District of Columbia Home Rule Act [§ 1-204.90] to any revenue bonds, notes, or other obligations issued by the Council of the District of Columbia or by any District instrumentality to which the Council delegates its authority to issue revenue bonds, notes, or other obligations under such section.
1981 Ed., § 47-398.6.