§ 10-1221.15Title 10

Federal recovery act reimbursement requirement.

If the District or the Authority receive reimbursement, subsidy, or TIF debt service relief in excess of the funds required by the bond covenant authorized by this subchapter, pursuant to the American Recovery and Reinvestment Act of 2009, approved February 17, 2009 (123 Stat. 115; 26 U.S.C. § 1 , note), the revenue and relief shall be credited to the District and shall be deposited in the General Fund of the District of Columbia.

Annotations

Sept. 19, 2006, D.C. Law 16-163, § 113b
as added Oct. 22, 2009, D.C. Law 18-78, § 3(e), 56 DCR 6959
For temporary (90 day) addition, see § 3(e) of New Convention Center Hotel Emergency Amendment Act of 2009 (D.C. Act 18-186, August 12, 2009, 56 DCR 6967).
American Recovery and Reinvestment Act of 2009, 123 Stat. 115, 111 P.L. 5.

Source XML

Sourced from the DC Council Open Law Library (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.