reglab/statecodes huggingface dataset:
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 9 - Rhode Island Avenue Project › § 2–1217.39k. District officials

§ 2–1217.39k. District officials.
(a) Except as otherwise provided in § 2-1217.39j(c), 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 subpart, the bonds, the Financing Documents, or the Closing Documents.
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the Financing Documents, or the Closing Documents shall be valid and sufficient for all purposes notwithstanding the fact that the individual signatory ceases to hold that office before delivery of the bonds, the Financing Documents, or the Closing Documents.
(Mar. 22, 2019, D.C. Law 22-263, § 12, 66 DCR 1378.)
Applicability
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Applicability of D.C. Law 22-263: § 16 of D.C. Law 22-263 provided that the creation of this section by § 12 of D.C. Law 22-263 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
Emergency Legislation
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 9 - Rhode Island Avenue Project › § 2–1217.39l. Maintenance of documents

§ 2–1217.39l. Maintenance of documents.
Copies of the specimen bonds and of the final Financing Documents and Closing Documents shall be filed in the Office of the Secretary of the District of Columbia.
(Mar. 22, 2019, D.C. Law 22-263, § 13, 66 DCR 1378.)
Applicability
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Applicability of D.C. Law 22-263: § 16 of D.C. Law 22-263 provided that the creation of this section by § 13 of D.C. Law 22-263 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
Emergency Legislation
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 9 - Rhode Island Avenue Project › § 2–1217.39m. Information reporting

§ 2–1217.39m. Information reporting.
Within 3 days after the Mayor's receipt of the transcript of proceedings relating to the issuance of the bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the Council.
(Mar. 22, 2019, D.C. Law 22-263, § 14, 66 DCR 1378.)
Applicability
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Applicability of D.C. Law 22-263: § 16 of D.C. Law 22-263 provided that the creation of this section by § 14 of D.C. Law 22-263 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
Emergency Legislation
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 9 - Rhode Island Avenue Project › § 2–1217.39n. Expiration of issuance authority

§ 2–1217.39n. Expiration of issuance authority.
(a) The authority to issue the Class A and Class B Bonds, excluding Refunding Bonds, shall expire on September 30, 2025, if no Class A Bonds have been issued; provided, that the expiration of the authority shall have no effect on any bonds issued prior to the expiration date or on the District's ability to issue Refunding Bonds on a future date.
(b) The authority to issue the Class B Bonds shall expire on September 30, 2029, if no Class B Bonds have been issued; provided, that the expiration of the authority shall have no effect on any bonds issued prior to the expiration date or on the District's ability to issue Refunding Bonds on a future date.
(Mar. 22, 2019, D.C. Law 22-263, § 15, 66 DCR 1378; Sept. 11, 2019, D.C. Law 23-16, § 2014(b), 66 DCR 8621.)
Applicability
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Applicability of D.C. Law 22-263: § 16 of D.C. Law 22-263 provided that the creation of this section by § 15 of D.C. Law 22-263 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2014(b) of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) amendment of this section, see § 2014(b) of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 9 - Rhode Island Avenue Project › § 2–1217.39o. Applicability. [Repealed]

§ 2–1217.39o. Applicability. [Repealed]
Repealed.
(Mar. 22, 2019, D.C. Law 22-263, § 16, 66 DCR 1378; Sept. 11, 2019, D.C. Law 23-16, § 7165, 66 DCR 8621.)
Applicability
Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263. Therefore the creation of this section by D.C. Law 22-263 has been implemented.
Emergency Legislation
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Congressional Review Emergency Act of 2019 (D.C. Act 23-112, Sept. 4, 2019, 66 DCR 11964).
For temporary (90 days) repeal of applicability provision of D.C. Law 22-263, see § 7165 of Fiscal Year 2020 Budget Support Emergency Act of 2019 (D.C. Act 23-91, July 22, 2019, 66 DCR 8497).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40b. Creation of the Reunion Square TIF Fund

§ 2–1217.40b. Creation of the Reunion Square TIF Fund.
(a) There is established as a nonlapsing fund the Reunion Square TIF Fund. The Chief Financial Officer shall deposit into the Reunion Square TIF Fund the Available Tax Increment and any other taxes or fees specifically designated by law for deposit in the Reunion Square TIF Fund.
(b) The Mayor may pledge and create a security interest in the funds in the Reunion Square TIF Fund, or any sub-account within the Reunion Square TIF Fund, for the payment of debt service on the bonds without further action by the Council as permitted by § 1-204.90(f). The payment of debt service shall be made in accordance with the provisions of the Financing Documents entered into by the District in connection with the issuance of the bonds.
(c) If, at the end of any fiscal year of the District, the balance of cash and investments in the Reunion Square TIF Fund exceeds the amount of debt service (including prepayment of principal and interest), reserves on any bonds, and any approved bond-related administrative expenses during the upcoming fiscal year, 50% of the excess shall be used to prepay the principal of the bonds and the remaining 50% of the excess shall be transferred to the unrestricted balance of the General Fund of the District of Columbia.
(Mar. 16, 2021, D.C. Law 23-202, § 3, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 3 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 3 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 3 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40c. Creation of the Reunion Square TIF Area

§ 2–1217.40c. Creation of the Reunion Square TIF Area.
(a) There is created a TIF area designated as the Reunion Square TIF Area. The Reunion Square TIF Area is defined as: Lots 827, 829, 984, 1017, and 1020 in Square 5772; Lot 1018 in Square 5783; and Lots 899, 900, and 1101 in Square 5784.
(b) As provided under § 2-1217.40b, the Available Tax Increment from the Reunion Square TIF Area shall be deposited in the Reunion Square TIF Fund and may be used for the purposes set forth in § 2-1217.40b.
(c)(1) The base year for determination of Available Sales Tax Revenues from locations within the Reunion Square TIF Area shall be the tax year preceding the year in which this subpart becomes effective.
(2) The base amount for determination of Available Real Property Tax Revenues shall be:
(A) $121,881 in base year 2020;
(B) $121,881 in base year 2021;
(C) $121,881 in base year 2022;
(D) $129,193 in base year 2023;
(E) $136,945 in base year 2024; and
(F) $141,738 in base year 2025 and each base year thereafter.
(d) The Reunion Square Street TIF Area shall terminate on the earlier of:
(1) Twenty-five years after the issuance of the last Bonds issued pursuant to this subpart;
(2) The date on which the Bonds are paid in full or are defeased and are no longer outstanding; or
(3) September 30, 2025 if no Bonds are issued.
(Mar. 16, 2021, D.C. Law 23-202, § 4, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 4 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 4 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 4 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40d. Class A Bond authorization

§ 2–1217.40d. Class A Bond authorization.
(a) The Council approves and authorizes the issuance of one or more series of Class A Bonds in an aggregate principal amount not to exceed $16.9 million (not including the principal amount of Refunding Bonds issued to refund or refinance principal of Class A Bonds) to fund the Project. The Class A Bonds, which may be issued from time to time, in one or more series, shall be tax-exempt or taxable as the Mayor shall determine and shall be payable and secured as provided in § 2-1217.40f(a).
(b) The Mayor may pay from the proceeds of the Class A Bonds the financing costs and expenses of issuing and delivering the Class A Bonds, including, but not limited to, underwriting, legal, accounting, financial advisory, credit enhancement, marketing, sale, and printing costs and expenses.
(Mar. 16, 2021, D.C. Law 23-202, § 5, 67 DCR 13876; Sept. 21, 2022, D.C. Law 24-167, § 2022(b), 69 DCR 009223.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2022(b) of Fiscal Year 2023 Budget Support Emergency Act of 2022 (D.C. Act 24-470, July 13, 2022, 69 DCR 008707).
For temporary (90 days) creation of this section, see § 5 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 5 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 5 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40e. Class B Bond authorization

§ 2–1217.40e. Class B Bond authorization.
(a) The Council approves and authorizes the issuance of one or more series of Class B Bonds in an aggregate principal amount not to exceed $45.8 million, less the issued gross Class A Bond amount, to reimburse Development Costs of the Project and financing costs incurred by the District and to fund capitalized interest and required reserves. The Class B Bonds, which may be issued from time to time, in one or more series, shall be tax-exempt or taxable as the Mayor shall determine and shall be payable and secured as provided in § 2-1217.40f(b).
(b) The Mayor may pay from the proceeds of the Class B Bonds the financing costs and expenses of issuing and delivering the Class B Bonds, including, but not limited to, underwriting, legal, accounting, financial advisory, credit enhancement, marketing, sale, and printing costs and expenses.
(c) The Class B Bonds also may be issued as a TIF note to the Development Sponsor and may be held and used as security for debt incurred or to be incurred by the Development Sponsor, an agent of the Development Sponsor, or another party selected by the Development sponsor and approved by the District.
(Mar. 16, 2021, D.C. Law 23-202, § 6, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 6 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 6 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 6 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40h. Issuance of the bonds

§ 2–1217.40h. Issuance of the bonds.
(a) The bonds of any series may be sold at negotiated or competitive sale at, above, or below par, to one or more persons or entities, and upon terms that the Mayor considers to be in the best interests of the District.
(b) The Mayor or an Authorized Delegate may execute, in connection with each sale of the bonds, offering documents on behalf of the District, may deem final any such offering document on behalf of the District for purposes of compliance with federal laws and regulations governing such matters, and may authorize the distribution of the documents in connection with the bonds.
(c) The Mayor is authorized to deliver executed and sealed bonds, on behalf of the District, for authentication, and, after the bonds have been authenticated, to deliver the bonds to the original purchasers of the bonds upon payment of the purchase price.
(d) The bonds shall not be issued until the Mayor receives an approving opinion from Bond Counsel as to the validity of the bonds of such series and, if the interest on the bonds is expected to be exempt from federal income taxation, the treatment of the interest on the bonds for purposes of federal income taxation.
(e) Chapter 3A of this title 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, or the Mayor may determine to be necessary or appropriate, for the purposes of this subpart.
(Mar. 16, 2021, D.C. Law 23-202, § 9, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 9 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 9 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 9 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40i. Financing and Closing Documents

§ 2–1217.40i. Financing and Closing Documents.
(a) The Mayor is authorized to prescribe the final form and content of all Financing Documents and all Closing Documents to which the District is a party that may be necessary or appropriate to issue, sell, and deliver the bonds.
(b) The Mayor is authorized to execute, in the name of the District and on its behalf, the Financing Documents and any Closing Documents to which the District is a party by the Mayor's manual or facsimile signature.
(c) If required, the official seal of the District, or a facsimile of it, shall be impressed, printed, or otherwise reproduced on the bonds, the other Financing Documents, and the Closing Documents to which the District is a party.
(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.
(e) The Mayor is authorized to deliver the executed and sealed Financing Documents and Closing Documents, on behalf of the District, prior to or simultaneously with the issuance, sale, and delivery of the bonds, and to ensure the due performance of the obligations of the District contained in the executed, sealed, and delivered Financing Documents and Closing Documents.
(Mar. 16, 2021, D.C. Law 23-202, § 10, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 10 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 10 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 10 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40j. Limited liability

§ 2–1217.40j. Limited liability.
(a) The bonds shall be special obligations of the District. The bonds shall be without recourse to the District. The bonds shall not be general obligations of the District, shall not be a pledge of, or involve, the faith and credit or the taxing power of the District (other than the Available Tax Increment, the Available Increment, and any other taxes or fees allocated to the Reunion Square TIF Fund), 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).
(b) The bonds shall not give rise to any pecuniary liability of the District, and the District shall have no obligation with respect to the purchase of the bonds.
(c) No person, including, but not limited to, any bond owner, shall have any claims against the District or any of its elected or appointed officials, officers, employees, or agents for monetary damages suffered as a result of the failure of the District to perform any covenant, undertaking, or obligation under this subpart, the bonds, the Financing Documents, or the Closing Documents, or as a result of the incorrectness of any representation in or omission from the Financing Documents or the Closing Documents, unless the District or its elected or appointed officials, officers, employees, or agents have acted in a willful and fraudulent manner.
(Mar. 16, 2021, D.C. Law 23-202, § 11, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 11 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 11 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 11 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40k. District officials

§ 2–1217.40k. District officials.
(a) Except as otherwise provided in § 2-1217.40j(c), 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 subpart, the bonds, the Financing Documents, or the Closing Documents.
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the Financing Documents, or the Closing Documents shall be valid and sufficient for all purposes notwithstanding the fact that the individual signatory ceases to hold that office before delivery of the bonds, the Financing Documents, or the Closing Documents.
(Mar. 16, 2021, D.C. Law 23-202, § 12, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 12 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 12 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 12 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40l. Maintenance of documents

§ 2–1217.40l. Maintenance of documents.
Copies of the specimen bonds and of the final Financing Documents and Closing Documents shall be filed in the Office of the Secretary of the District of Columbia.
(Mar. 16, 2021, D.C. Law 23-202, § 13, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 13 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 13 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 13 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40m. Information reporting

§ 2–1217.40m. Information reporting.
Within 3 days after the Mayor's receipt of the transcript of proceedings relating to the issuance of the bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the Council.
(Mar. 16, 2021, D.C. Law 23-202, § 14, 67 DCR 13876.)
Emergency Legislation
For temporary (90 days) creation of this section, see § 14 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 14 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 14 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part B - Identified Projects › Subpart 10 - Reunion Square › § 2–1217.40n. Expiration of issuance authority

§ 2–1217.40n. Expiration of issuance authority.
(a) The authority to issue the Class A Bonds shall expire at 11:59 p.m. on September 30, 2025, if no Bonds have been issued; provided, that the expiration of the authority shall have no effect on any Bonds issued on or prior to the expiration date or on the District's ability to issue Refunding Bonds on a future date. Class A Bonds issued as draw down bonds shall be deemed to have been issued for the purposes of this subsection in their entirety on the date of the first draw of principal on such Class A Bonds.
(b) The authority to issue the Class B Bonds shall expire at 11:59 p.m. on September 30, 2030; provided, however, that the expiration of the authority shall have no effect on any Class B Bonds issued prior to the expiration date.
(Mar. 16, 2021, D.C. Law 23-202, § 15, 67 DCR 13876; Sept. 21, 2022, D.C. Law 24-167, § 2022(c), 69 DCR 009223.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2022(c)(1) of Fiscal Year 2023 Budget Support Emergency Act of 2022 (D.C. Act 24-470, July 13, 2022, 69 DCR 008707).
For temporary (90 days) creation of this section, see § 15 of Reunion Square Tax Increment Financing Second Emergency Act of 2020 (D.C. Act 23-370, Aug. 10, 2020, 67 DCR 9689).
For temporary (90 days) creation of this section, see § 15 of Reunion Square Tax Increment Financing Emergency Act of 2020 (D.C. Act 23-250, Mar. 17, 2020, 67 DCR 3455).
Temporary Legislation
For temporary (225 days) creation of this section, see § 15 of Reunion Square Tax Increment Financing Temporary Amendment Act of 2020 (D.C. Law 23-146, Oct. 20, 2020, 67 DCR 9941).
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.41. Definitions. [Repealed]

§ 2–1217.41. Definitions. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 201, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.42. Creation of the Broadcast Center One Fund. [Repealed]

§ 2–1217.42. Creation of the Broadcast Center One Fund. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 202, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.43. Creation of the Broadcast Center One TIF Area. [Repealed]

§ 2–1217.43. Creation of the Broadcast Center One TIF Area. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 203, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.44. Bond authorization. [Repealed]

§ 2–1217.44. Bond authorization. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 204, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.45. Bond details. [Repealed]

§ 2–1217.45. Bond details. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 205, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.46. Issuance of the bonds. [Repealed]

§ 2–1217.46. Issuance of the bonds. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 206, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.47. Payment and security. [Repealed]

§ 2–1217.47. Payment and security. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 207, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.48. Financing and Closing Documents. [Repealed]

§ 2–1217.48. Financing and Closing Documents. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 208, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.49. Limited liability. [Repealed]

§ 2–1217.49. Limited liability. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 209, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.50. District officials. [Repealed]

§ 2–1217.50. District officials. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 210, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.51. Maintenance of documents. [Repealed]

§ 2–1217.51. Maintenance of documents. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 211, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 District of Columbia Code › Title 2 - Government Administration › Chapter 12 - Business and Economic Development › Subchapter IX - Tax Increment Financing › Part C - Disposition and Redevelopment of Lot 854 in Square 441 › § 2–1217.52. Information reporting. [Repealed]

§ 2–1217.52. Information reporting. [Repealed]
Repealed.
(Mar. 26, 2008, D.C. Law 17-132, § 212, 55 DCR 1668; Sept. 24, 2010, D.C. Law 18-223, § 7082, 57 DCR 6242.)
Editor's Notes
Section 9001 of D.C. Law 18-223 provided that the act shall apply as of October 1, 2010.
2023 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

§ 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.
2023 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

§ 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).
2023 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

§ 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.)
2023 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

§ 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.
2023 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

§ 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.)