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 6A - Union Market › § 2–1217.36k. Issuance of the bonds

§ 2–1217.36k. 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.
(Feb. 15, 2018, D.C. Law 22-58, § 8, 64 DCR 13442.)
Applicability
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 8 of D.C. Law 22-58 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.
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 6A - Union Market › § 2–1217.36m. Limited liability

§ 2–1217.36m. 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 Union Market 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.
(Feb. 15, 2018, D.C. Law 22-58, § 10, 64 DCR 13442.)
Applicability
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 10 of D.C. Law 22-58 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.
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 6A - Union Market › § 2–1217.36n. District officials

§ 2–1217.36n. District officials.
(a) Except as otherwise provided in § 2-1217.36m, 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.
(Feb. 15, 2018, D.C. Law 22-58, § 11, 64 DCR 13442.)
Applicability
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 11 of D.C. Law 22-58 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.
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 6A - Union Market › § 2–1217.36o. Maintenance of documents

§ 2–1217.36o. 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.
(Feb. 15, 2018, D.C. Law 22-58, § 12, 64 DCR 13442.)
Applicability
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 12 of D.C. Law 22-58 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.
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 6A - Union Market › § 2–1217.36p. Information reporting

§ 2–1217.36p. 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.
(Feb. 15, 2018, D.C. Law 22-58, § 13, 64 DCR 13442.)
Applicability
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 13 of D.C. Law 22-58 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.
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 6A - Union Market › § 2–1217.36q. Expiration of issuance authority

§ 2–1217.36q. Expiration of issuance authority.
The authority to issue the bonds, excluding Refunding Bonds, shall expire on March 1, 2027; 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.
(Feb. 15, 2018, D.C. Law 22-58, § 14, 64 DCR 13442; Sept. 11, 2019, D.C. Law 23-16, § 2012(c), 66 DCR 8621.)
Applicability
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 14 of D.C. Law 22-58 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 § 2012(c) 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 § 2012(c) 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 7 - Bryant Street › § 2–1217.37b. Creation of the Bryant Street TIF Fund

§ 2–1217.37b. Creation of the Bryant Street TIF Fund.
(a) There is established as a nonlapsing fund the Bryant Street TIF Fund. The Chief Financial Officer shall deposit into the Bryant Street TIF Fund the Available Tax Increment and any other taxes or fees specifically designated by law for deposit in the Bryant Street TIF Fund.
(b) The Mayor may pledge and create a security interest in the funds in the Bryant Street TIF Fund, or any sub-account within the Bryant Street 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 Bryant Street 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.
(Apr. 7, 2017, D.C. Law 21-262, § 3, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(b) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(b) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37d. Bond authorization

§ 2–1217.37d. Bond authorization.
(a) The Council approves and authorizes the issuance of one or more series of Bonds in an aggregate principal amount not to exceed $24 million to fund the project. The 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 § 2-1217.37e.
(b) The proceeds of the Bonds shall be used as follows:
(1) An amount not to exceed $18 million shall be used to pay Development Costs of the project; and
(2) The balance of the proceeds may be used to pay the financing costs incurred by the District and to fund capitalized interest and required reserves.
(c) The Mayor may pay from the proceeds of the Bonds the financing costs and expenses of issuing and delivering the Bonds, including, but not limited to, underwriting, legal, accounting, financial advisory, credit enhancement, marketing, sale, and printing costs and expenses.
(d) The 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.
(Apr. 7, 2017, D.C. Law 21-262, § 5, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(d) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(d) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37e. Payment and security

§ 2–1217.37e. Payment and security.
(a) Except as may be otherwise provided in this subpart, the principal of, premium, if any, and interest on, the Bonds, and the payment of ongoing administrative expenses related to the bond financing 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 Bryant Street TIF Fund, income realized from the temporary investment of those receipts and revenues prior to payment to the bond owners, and other funds that, as provided in the Financing Documents, may be made available to the District for payment of the Bonds from sources other than the District, all as provided for in the Financing Documents.
(b) There is further allocated to the payment of debt service on the Bonds the Available Increment, subordinate to the allocation of Available Increment to the Budgeted Reserve, as defined in the Reserve Agreement, all as more fully described in the Reserve Agreement and to the extent that the Reserve Agreement continues to apply to the Available Increment, to be used for the payment of debt service on the Bonds to the extent that the revenues allocated in subsection (a) of this section are inadequate to pay debt service on the Bonds. The allocation of Available Increment authorized by this subsection shall be made in compliance with all existing contractual obligations of the District with respect to the Available Increment and shall terminate on the date on which all of the Bonds are paid or provided for and are no longer outstanding pursuant to their terms.
(c) 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 to the trustee for the Bonds pursuant to the Financing Documents.
(d) The trustee or paying agent is authorized to deposit, invest, and disburse the proceeds received from the sale of the Bonds pursuant to the Financing Documents.
(Apr. 7, 2017, D.C. Law 21-262, § 6, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37g. Issuance of the Bonds

§ 2–1217.37g. 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.
(Apr. 7, 2017, D.C. Law 21-262, § 8, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37h. Financing and Closing Documents

§ 2–1217.37h. 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.
(Apr. 7, 2017, D.C. Law 21-262, § 9, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37i. Limited liability

§ 2–1217.37i. 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 Bryant Street 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.
(Apr. 7, 2017, D.C. Law 21-262, § 10, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37j. District officials

§ 2–1217.37j. District officials.
(a) Except as otherwise provided in § 2-1217.37i(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.
(Apr. 7, 2017, D.C. Law 21-262, § 11, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37k. Maintenance of documents

§ 2–1217.37k. 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.
(Apr. 7, 2017, D.C. Law 21-262, § 12, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37l. Information reporting

§ 2–1217.37l. 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.
(Apr. 7, 2017, D.C. Law 21-262, § 13, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37m. Reservation of debt service

§ 2–1217.37m. Reservation of debt service.
The Bonds may not be issued until the Council has appropriated an amount equal to one year's debt service on the Bonds.
(Apr. 7, 2017, D.C. Law 21-262, § 14, 64 DCR 2097.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(e) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 7 - Bryant Street › § 2–1217.37n. Expiration of issuance authority

§ 2–1217.37n. Expiration of issuance authority.
The authority to issue the Bonds , excluding Refunding Bonds, shall expire on March 1, 2020; 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.
(Apr. 7, 2017, D.C. Law 21-262, § 15, 64 DCR 2097; Sept. 11, 2019, D.C. Law 23-16, § 2013(c), 66 DCR 8621.)
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2013(c) 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 § 2013(c) 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) amendment of this section, see § 2(f) of Bryant Street Tax Increment Financing Emergency Amendment Act of 2019 (D.C. Act 23-13, Feb. 25, 2019, 66 DCR 2467).
Temporary Legislation
For temporary (225 days) amendment of this section, see § 2(f) of Bryant Street Tax Increment Financing Temporary Amendment Act of 2019 (D.C. Law 23-5, Apr. 18, 2019, 66 DCR 2696).
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 8 - High unemployment areas. [Repealed] [Not Funded] › § 2–1217.38. High unemployment area; TIF authorization. [Repealed]

§ 2–1217.38. High unemployment area; TIF authorization. [Repealed]
Repealed.
(Apr. 25, 2018, D.C. Law 22-85, § 201, 65 DCR 1805; Dec. 3, 2020, D.C. Law 23-149, § 7104, 67 DCR 10493.)
Applicability
Applicability of D.C. Law 22-85: § 301 of D.C. Law 22-85 provided that the creation of this section by § 201 of D.C. Law 22-85 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.
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 › § 2–1217.39b. Creation of the RIA TIF Fund

§ 2–1217.39b. Creation of the RIA TIF Fund.
(a) There is established as a nonlapsing fund the RIA TIF Fund. The Chief Financial Officer shall deposit into the RIA TIF Fund the Available Tax Increment and any other taxes or fees specifically designated by law for deposit in the RIA TIF Fund.
(b) The Mayor may pledge and create a security interest in the funds in the RIA TIF Fund, or any sub-account within the RIA 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 RIA 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 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. 22, 2019, D.C. Law 22-263, § 3, 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 § 3 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 › § 2–1217.39c. Creation of the RIA TIF Area

§ 2–1217.39c. Creation of the RIA TIF Area.
(a) There is created a TIF area designated as the RIA TIF Area. The RIA TIF Area is defined as the real property bounded by Brentwood Road, N.E. from Rhode Island Avenue, N.E. to the alley between and parallel to Bryant Street, N.E. and Saratoga Avenue, N.E.; Rhode Island Avenue, N.E. from Brentwood Road, N.E. to Montana Avenue, N.E.; Montana Avenue, N.E. from Rhode Island Avenue, N.E. to Downing Street, N.E.; Downing Street, N.E. from Montana Avenue, N.E. to 14th Street, N.E.; 14th Street, N.E. from Downing Street, N.E. to the line extending eastward from the alley between and parallel to Saratoga Avenue, N.E. and Bryant Street, N.E.; and a line extending from 14th Street, N.E. to the alley between and parallel to Saratoga Avenue, N.E. and Bryant Street, N.E. continuing through the alley's intersection with Brentwood Road, N.E.
(b) As provided under § 2-1217.39b, the Available Tax Increment from the RIA TIF Area shall be deposited in the RIA TIF Fund and may be used for the purposes set forth in § 2-1217.39b.
(c)(1)(A) The base amount for determination of Available Sales Tax Revenues shall be $0.
(2)(A) The base amount for determination of Available Real Property Tax Revenues shall be:
(i) $613,621 in base year 2018;
(ii) $618,864 in base year 2019;
(iii) $672,705 in base year 2020;
(iv) $731,230 in base year 2021; and
(v) $753,167 in base year 2022.
(B) For base years 2023 through 2051, the base amount for determination of Available Real Property Tax Revenues shall reflect an increase in the amount of 3.1% from each previous base year's amount.
(d) The RIA 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. 22, 2019, D.C. Law 22-263, § 4, 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 § 4 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 › § 2–1217.39d. Class A Bond authorization

§ 2–1217.39d. 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 $32 million 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 § 2-1217.39f(a).
(b) The proceeds of the Class A Bonds shall be used as follows:
(1) An amount not to exceed $23 million shall be used to pay Development Costs of the project; and
(2) The balance of the proceeds may be used to pay the financing costs incurred by the District and to fund capitalized interest and required reserves.
(c) 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. 22, 2019, D.C. Law 22-263, § 5, 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 § 5 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 › § 2–1217.39e. Class B Bond authorization

§ 2–1217.39e. 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 $24 million 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 § 2-1217.39f(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. 22, 2019, D.C. Law 22-263, § 6, 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 § 6 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 › § 2–1217.39h. Issuance of the bonds

§ 2–1217.39h. 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) Article 9 of Subtitle I of Title 28 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. 22, 2019, D.C. Law 22-263, § 9, 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 § 9 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 › § 2–1217.39i. Financing and Closing Documents

§ 2–1217.39i. 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. 22, 2019, D.C. Law 22-263, § 10, 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 § 10 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 › § 2–1217.39j. Limited liability

§ 2–1217.39j. 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 deposited in the RIA 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. 22, 2019, D.C. Law 22-263, § 11, 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 § 11 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).