§ 47-398.05Title 47
Limitation on amount of borrowing financed by arena tax.
Notwithstanding any other provision of law, the amount of borrowing associated with the arena development and construction costs, including, but not limited to, land acquisition, construction, predevelopment, off-site infrastructure, and financing for capital interest and principal, may not exceed $61 million, to be paid from proceeds of the arena tax, established pursuant to § 47-2751 et seq.
Annotations
Mar. 5, 1996, D.C. Law 11-98, § 1303, 43 DCR 5 enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575 1981 Ed., § 47-398.5.
Sourced from the DC Council Open Law Library (public domain).
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