District’s interest in DDOT Underground Electric Company Infrastructure Improvement Property.
The District’s property ownership interest in the DDOT Underground Electric Company Infrastructure Property shall be effective and perfected against all third parties and shall not be affected or impaired by, among other things, the occurrence of any one or more of the following: Comingling of DDOT Underground Electric Company Infrastructure Improvement Charges or DDOT Underground Electric Company Infrastructure Improvement Revenue with other amounts; Any recourse that the electric company may have against the District; The obligation of the electric company acting in an agency capacity in accordance with the servicing agreement to collect DDOT Underground Electric Company Infrastructure Improvement Revenue and to remit the DDOT Underground Electric Company Infrastructure Improvement Revenue so collected to the trustee; and Any subsequent order of the Commission amending the financing order pursuant to this chapter.
Annotations
May 3, 2014, D.C. Law 20-102, § 210, 61 DCR 1882
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.