reglab/housing_qa huggingface dataset:
DC Code § 2-1217.72 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.72. Limitations on issuance of Bonds

(a) Bonds shall not be issued pursuant to this subchapter to the extent the issuance will cause the aggregate principal amount of Bonds issued pursuant to this subchapter and the TIF Act to exceed $500 million; provided, that the aggregate amount of TIF bonds for projects in the Central Business District, as defined in Title 11 of the District of Columbia Municipal Regulations, shall not exceed $300 million. (b) Bonds shall not be issued pursuant to this subchapter after September 30, 2015. (c) The maximum principal amount of bonds that may be issued with respect to the Downtown Retail Priority Area is limited to the amount of bonds issued before March 1, 2013.  (Sept. 8, 2004, D.C. Law 15-185, § 3, 51 DCR 5941; Mar. 2, 2007, D.C. Law 16-192, § 2003, 53 DCR 6899; Sept. 24, 2010, D.C. Law 18-223, § 7112(b), 57 DCR 6242; Dec. 24, 2013, D.C. Law 20-61, § 8032(a), 60 DCR 12472.)  Section References This section is referenced in § 2-1217.73 and § 2-1217.73a. Effect of Amendments D.C. Law 16-192, in subsec. (a), substituted “$500 million; provided, that the aggregate amount of TIF bonds for projects in the Central Business District, as defined in Title 11 of the District of Columbia Municipal Regulations, shall not exceed $300 million” for “$300 million”. D.C. Law 18-223, in subsec. (b), substituted “September 30, 2015” for “December 31, 2013”. The 2013 amendment by D.C. Law 20-61 added (c). Emergency Legislation For temporary (90 day) amendment of section, see § 2003 of Fiscal Year 2007 Budget Support Emergency Act of 2006 (D.C. Act 16-477, August 8, 2006, 53 DCR 7068). For temporary (90 day) amendment of section, see § 2003 of Fiscal Year 2007 Budget Support Congressional Review Emergency Act of 2006 (D.C. Act 16-499, October 23, 2006, 53 DCR 8845). For temporary (90 day) amendment of section, see § 2003 of Fiscal Year 2007 Budget Support Congressional Review Emergency Act of 2007 (D.C. Act 17-1, January 16, 2007, 54 DCR 1165). For temporary (90 day) amendment of section, see § 7112(b) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542). For temporary (90 days) amendment of this section, see § 8032(a) of the Fiscal Year 2014 Budget Support Emergency Act of 2013 (D.C. Act 20-130, July 30, 2013, 60 DCR 11384, 20 DCSTAT 1827). For temporary (90 days) amendment of this section, see § 8032(a) of the Fiscal Year 2014 Budget Support Congressional Review Emergency Act of 2013 (D.C. Act 20-204, October 17, 2013, 60 DCR 15341, 20 DCSTAT 2311). Short Title Section 8031 of D.C. Law 20-61 provided that Subtitle D of Title VIII of the act may be cited as the “Great Streets Neighborhood Retail Priority Area Amendment Act of 2013”. Editor's Notes Applicability of D.C. Law 20-61: Section 11001 of D.C. Law 20-61 provided that, except as otherwise provided, the act shall apply as of October 1, 2013.
DC Code § 2-1217.73a (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.73a. Downtown retail priority area-demonstration project

In the case of the Downtown Retail Priority Area, Retail Development Projects shall include, on a demonstration project basis, one or more restaurants; provided, that the total amount of Bonds available for such demonstration projects shall not be greater than 3% of the aggregate principal amount of Bonds authorized pursuant to § 2-1217.72(a). Notwithstanding the defined boundaries of the Downtown Retail Priority Area, the Mayor shall use best efforts to ensure that at least one demonstration project is located in Ward 7 or 8. Not later than 3 years from the issuance of Bonds for demonstration projects, the CFO shall report to the Mayor and the Council regarding the economic effects on the District of such projects.  (Sept. 8, 2004, D.C. Law 15-185, § 4a; as added Sept. 24, 2010, D.C. Law 18-223, § 7112(d), 57 DCR 6242.)  Section References This section is referenced in § 2-1217.71. Emergency Legislation For temporary (90 day) addition, see § 7112(d) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
DC Code § 2-1217.75 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.75. Use of Bond proceeds; funding agreement

(a) When a Retail Development Project is certified as a TIF Area by the Mayor pursuant to this subchapter, the proceeds of Bonds issued with respect to the TIF Area shall be used to pay Retail Development Costs and shall be subject to such terms, conditions, and requirements as the Mayor determines to be in the best interests of the District and will further the purposes of this subchapter. The terms, conditions and requirements shall be included in an agreement entered into between the District and the recipient of the proceeds prior to the advance of the proceeds; provided, that, in the Downtown Retail Priority Area, Tax Increment Revenues or any other security authorized by this subchapter shall be used for the payment of debt service on Bonds issued to Bondholders arranged by the recipient of the proceeds of the Bonds prior to the issuance of the Bonds and the proceeds of the Bonds shall be available to the recipient only after the issuance of a certificate of occupancy for the Retail Development Project. In the case of Bonds issued with respect to the Downtown Retail Priority Area, the recipient of the proceeds of the Bonds shall guarantee the Bonds. (b) In the case of the Downtown Retail Priority Area, Tax Increment Revenues and the proceeds of Bonds may also be used to pay costs and expenses: (1) Incurred in connection with the start-up and administration of a TIF program in the Downtown Retail Priority Area (including feasibility studies, market studies, and legal costs), and marketing the TIF program and the Downtown Retail Priority Area to prospective retailers; provided, that the amount expended pursuant to this paragraph shall not exceed $1 million in the aggregate; and (2) Of establishing, maintaining, and operating a program to support parking for customers of retail businesses in the Downtown Retail Priority Area and providing streetscape and facade improvements in the Downtown Retail Priority Area; provided, that the amount expended pursuant to this paragraph shall not exceed $5 million in the aggregate.  (Sept. 8, 2004, D.C. Law 15-185, § 6, 51 DCR 5941.)
DC Code § 2-1217.76 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.76. Allocation of Tax Increment Revenues

(a) Within 60 days after the certification of a TIF Area by the Mayor, the CFO shall provide for the allocation of Tax Increment Revenues within each TIF Area. The CFO shall establish one or more separate tax increment allocation accounts within the General Fund of the District of Columbia for the deposit and application of Available Sales Tax Revenues and Available Real Property Tax Revenues from each TIF Area. Monies shall be transferred from such accounts at the times and in the amounts required pursuant to financing documents relating to any Bonds. Monies held or to be held in a tax allocation account may be used to (1) pay debt service on Bonds, (2) pay other costs due and payable under the applicable financing documents, and (3) to pay any other costs or expenses permitted by this subchapter. Monies in a tax allocation account or in any fund or account established under any financing documents may be pledged as security for the payment of debt service on Bonds. (b) Notwithstanding any other law, after a TIF Area has been certified by the Mayor, the portion of Tax Increment Revenues that results from the real property and sales tax levied within the TIF Area each year beginning from the date of the certification of the TIF Area shall be paid to the CFO for deposit into one or more of the tax increment accounts established by the CFO pursuant to subsection (a) of this section. (c) If Bonds have been issued and are outstanding, the amounts, if any, remaining in the tax increment accounts for a TIF Area at the end of each tax year, after provision for the payment of debt service on any Bonds, any costs of credit or liquidity enhancement, other costs, fees, and expenses of administering, carrying, and paying the Bonds and the funds, trusts, and escrows pertaining to them, and providing for reasonably required reserves, all as provided in the financing documents, and after payment of any other costs or expenses permitted by this subchapter, shall revert to the General Fund of the District of Columbia.  (Sept. 8, 2004, D.C. Law 15-185, § 7, 51 DCR 5941.)  Section References This section is referenced in § 2-1217.71.
DC Code § 2-1217.77 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.77. Issuance of Bonds

The issuance of Bonds, including any refunding Bonds, is authorized pursuant to § 1-204.90 to finance Retail Development Costs of TIF Areas certified by the Mayor pursuant to this subchapter. This subchapter constitutes an act of Council authorizing the issuance of Bonds, including refunding Bonds, as required by § 1-204.90. The Bonds shall be secured by Tax Increment Revenues in amounts not to exceed the limits provided for in this subchapter or other security authorized by this subchapter. The issuance of Bonds, including any refunding Bonds in specified aggregate principal amounts, shall be approved by the Mayor in accordance with this subchapter.  (Sept. 8, 2004, D.C. Law 15-185, § 8, 51 DCR 5941.)
DC Code § 2-1217.78 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.78. Details of Bonds

(a) The Mayor may take any action necessary or appropriate in accordance with this subchapter in connection with the preparation, execution, issuance, sale, delivery, and payment of Bonds, including determinations of: (1) The final form, content, designation, and terms of the Bonds, including a determination that the Bonds may be issued in certificate or book entry form; (2) The principal amount of the Bonds to be issued and denominations of the Bonds; (3) The rate or rates of interest or the method for determining the rate or rates of interest on the Bonds; (4) The date or dates of issuance, sale, and delivery of, and the payment of interest on the Bonds, and the maturity date or dates of the Bonds; (5) The terms under which the Bonds may be paid, optionally or mandatorily redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before their respective stated maturities; (6) Provisions for the registration, transfer, and exchange of each series of Bonds and the replacement of mutilated, lost, stolen, or destroyed Bonds; (7) The creation of any reserve fund, sinking fund, or other fund with respect to the Bonds; (8) The time and place of payment of the Bonds; (9) Procedures for monitoring the use of the proceeds received from the sale of the Bonds to ensure that they are properly applied to their respective eligible project and used to accomplish the purposes of this subchapter; and (10) Actions necessary to qualify the Bonds under blue sky laws of any jurisdiction where the Bonds are marketed. (b) The Bonds shall contain a legend, which shall provide that the Bonds shall be special obligations of the District, shall be nonrecourse to the District, shall not be a pledge of, and shall not involve, the faith and credit or the taxing power of the District (other than the Tax Increment Revenues or any other security authorized by this subchapter), shall not constitute a debt of the District, and shall not constitute lending of the public credit for private undertakings as prohibited in § 1-206.02(a)(2). (c) The Bonds shall be executed in the name of the District and on its behalf by the manual or facsimile signature of the Mayor. The Mayor’s execution and delivery of the Bonds shall constitute conclusive evidence of the Mayor’s approval, on behalf of the District, of the final form and content of the same. (d) The official seal of the District, or facsimile of it, shall be impressed, printed, or otherwise reproduced on the Bonds. (e) The Bonds may be issued at any time or from time to time in one or more issues and in one of more series.  (Sept. 8, 2004, D.C. Law 15-185, § 9, 51 DCR 5941.)
DC Code § 2-1217.80 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.80. Default

If there shall be a default in the payment of the principal of, or interest on, any Bonds of a series after the principal or interest shall become due and payable, whether at maturity or upon call for redemption, or if the District shall fail or refuse to carry out and perform the terms of any agreement with the holders of any of the Bonds, the holders of the Bonds, or the trustee appointed to act on behalf of the holders of the Bonds, may, subject to the provisions of the financing documents, do the following: (1) By action, writ, or other proceeding, enforce all rights of the holders of the Bonds, including the right to require the District to carry out and perform the terms of any agreement with the holders of the Bonds or its duties under this subchapter; (2) By action, require the District to account as if it were the trustee of an express trust; (3) By action, petition to enjoin any acts or things that may be unlawful or in violation of the rights of the holders of the Bonds; and (4) Declare all the Bonds due and payable, whether or not in advance of maturity and, if all the defaults be made good, annul the declaration and its consequences.  (Sept. 8, 2004, D.C. Law 15-185, § 11, 51 DCR 5941.)
DC Code § 2-1217.81 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.81. Liability

(a) The members of the Council, the Mayor, or any person executing Bonds shall not be liable personally on the Bonds by reason of the issuance thereof. (b) Notwithstanding any other provision of this subchapter, the Bonds shall not be general obligations of the District and shall not be in any way a debt or liability of the District within the meaning of any debt or other limit prescribed by law. The full faith and credit or the general taxing power of the District (other than the Tax Increment Revenues or other security authorized under this subchapter) shall not be pledged to secure the payment of any Bonds.  (Sept. 8, 2004, D.C. Law 15-185, § 12, 51 DCR 5941.)
DC Code § 2-1217.82 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.82. Prior legislation

This subchapter shall not adversely affect any actions taken, agreements entered into, pledge of security made or Bonds issued prior to September 8, 2004.  (Sept. 8, 2004, D.C. Law 15-185, § 13, 51 DCR 5941.)
DC Code § 2-1217.83 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.83. Promulgation of rules and regulations

The Mayor shall promulgate rules and regulations setting forth the criteria and procedures necessary to implement the provisions of this subchapter.  (Sept. 8, 2004, D.C. Law 15-185, § 14, 51 DCR 5941.)  Delegation of Authority Delegation of Mayor’s Rulemaking Authority for the Retail Incentive Second Congressional Review Emergency Act of 2004 and Any Similar Succeeding Legislation, see Mayor’s Order 2004-146, August 26, 2004 ( 51 DCR 9194). Delegation of Authority-Retail Incentive Act of 2004, see Mayor’s Order 2005-195, December 13, 2005, ( 53 DCR 700).
DC Code § 2-1217.84 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-A - Tax Increment Financing For Retail Development|§ 2-1217.84. Construction

This subchapter shall be liberally construed to effect the purposes stated herein.  (Sept. 8, 2004, D.C. Law 15-185, § 15, 51 DCR 5941.)
DC Code § 2-1217.101 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-B - Qualified Zone Academy Revenue Bond Projects|§ 2-1217.101. Short title

This subchapter may be cited as the “Qualified Zone Academy Revenue Bond Project Forward Commitment Approval Act of 2005”.  (Oct. 18, 2005, D.C. Law 16-28, § 1, 52 DCR 8093.)  Emergency Legislation For temporary (90 day) addition, see §§ 2 to 18 of Qualified Zone Academy Revenue Bond Project Forward Commitment Approval Emergency Act of 2005 (D.C. Act 16-143, July 26, 2005, 52 DCR 7171). Delegation of Authority Delegation of Authority—Qualified Zone Academy Revenue Bond Project Forward Commitment Approval Act of 2005, see Mayor’s Order 2007-93, April 13, 2007 ( 54 DCR 8873). Resolutions Resolution 17-495, the “Qualified Zone Academy Revenue Bonds Project Approval Resolution of 2008”, was approved effective January 8, 2008.
DC Code § 2-1217.103 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-B - Qualified Zone Academy Revenue Bond Projects|§ 2-1217.103. Bond authorization

(a) Pursuant to § 1-204.90, the Council authorizes the issuance of bonds. (b) One or more series of bonds in multiple separate series may be issued for the purpose of assisting in financing, refinancing, and reimbursing the costs of eligible projects. Refunding bonds may be issued to refund bonds. The aggregate principal amount of bonds, other than refunding bonds, shall not exceed the amount authorized under section 1397E of Internal Revenue Code of 1986, approved August 5, 1997 (111 Stat. 821; 26 U.S.C. § 1397E). (c) The Mayor is authorized to take any action necessary or appropriate in accordance with this subchapter in connection with the preparation, execution, issuance, sale, delivery, security for, and payment of the bonds pursuant to § 1-204.90, including: (1) Approving the issuance, sale, and delivery of the bonds; (2) Making loans, grants or allocating funds, purchasing any mortgage, note, or other security, or purchasing, leasing, or selling of any property for the purpose of financing, refinancing, or reimbursing the costs of an eligible project; (3) Entering into any agreement concerning the acquisition, use, or disposition of any available revenues, assets, or property; (4) Entering into such Financing Documents as may be necessary or appropriate for the issuance, security, and administration of the bonds, the investment of proceeds and moneys in the accounts provided for in, or pursuant to this subchapter, the application of the proceeds of the bonds and the moneys and investments in such accounts, and for the purposes provided in this subchapter, including Financing Documents with Qualifying Schools; (5) Setting forth the requirements for an eligible project to comply with the applicable eligibility requirements pursuant to this subchapter in an agreement between the District and the District of Columbia Board of Education with respect to public schools or each Qualifying School with respect to public charter schools; (6) Establishing any fund with respect to the bonds as required by the Financing Documents; and (7) Refunding the bonds through the issuance of refunding bonds.  (Oct. 18, 2005, D.C. Law 16-28, § 3, 52 DCR 8093.)
DC Code § 2-1217.104 (2021)
2021 District of Columbia Code|Title 2 - Government Administration|Chapter 12 - Business and Economic Development|Subchapter IX-B - Qualified Zone Academy Revenue Bond Projects|§ 2-1217.104. Bond details

(a) The Mayor is authorized to take any action reasonably necessary or appropriate in accordance with this subchapter in connection with the preparation, execution, issuance, sale, delivery, security for, and payment of the bonds of each series, including, but not limited to, determinations of: (1) The final form, content, designation, and terms of the bonds, including a determination that the bonds may be issued in certificated or book-entry form; (2) The principal amount of the bonds to be issued and denominations of the bonds; (3) The date or dates of issuance, sale, and delivery of the bonds, and the maturity date or dates of the bonds; (4) The terms under which the bonds may be paid, optionally or mandatorily redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before their respective stated maturities; (5) Provisions for the registration, transfer, and exchange of the bonds and the replacement of mutilated, lost, stolen, or destroyed bonds; (6) The creation of any reserve fund, sinking fund, or other fund with respect to the bonds; (7) The time and place of payment of the bonds; (8) Procedures for monitoring the use of the proceeds received from the sale of the bonds to ensure that the proceeds are properly applied to one or more Qualifying Schools and used to accomplish the purposes of this subchapter; (9) Actions necessary to qualify the bonds under blue sky laws of any jurisdiction where the bonds are marketed; and (10) The terms and types of credit enhancement under which the bonds may be secured. (b) The bonds shall contain a legend, which shall provide that the bonds are special obligations of the District, are without recourse to the District, are not a pledge of, and do not involve the faith and credit or the taxing power of the District, do not constitute a debt of the District, and do not constitute lending of the public credit for private undertakings as prohibited in § 1-206.02(a)(2). (c) The bonds shall be executed in the name of the District and on its behalf by the manual or facsimile signature of the Mayor, and attested by the Secretary of the District of Columbia by the Secretary’s manual or facsimile signature. The Mayor’s execution and delivery of the bonds shall constitute conclusive evidence of the Mayor’s approval, on behalf of the District, of the final form and content of the bonds. (d) The official seal of the District, or a facsimile of it, shall be impressed, printed, or otherwise reproduced on the bonds. (e) The bonds of any series may be issued in accordance with the terms of a trust instrument to be entered into by the District and a trustee and may be subject to the terms of one or more agreements entered into by the Mayor pursuant to § 1-204.90(a)(4). (f) The bonds may be issued at any time or from time to time in one or more issues and in one or more series.  (Oct. 18, 2005, D.C. Law 16-28, § 4, 52 DCR 8093.)