Bond authorization.

Annotations

May 27, 2010, D.C. Law 18-183, § 202, 57 DCR 3406
Apr. 20, 2013, D.C. Law 19-262, § 102(c), 60 DCR 1300
For temporary (90 day) addition, see § 103 of Energy Efficiency Emergency Act of 2009 (D.C. Act 18-324, March 1, 2010, 57 DCR 1851).
Section 402(b) of D.C. Law 18-156 provided that the act shall expire after 225 days of its having taken effect.
“(c) The remaining proceeds of the bonds shall be paid into the National Capital Energy Fund created by section 202 and used to provide funds for the initial installation of energy efficiency and renewable energy improvements that are permanently attached to residential, commercial, industrial, or other real property as authorized under Title II.”
“(b) The Mayor is authorized to 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, and financial advisory fees; bond insurance or other credit enhancement; expenses for marketing and selling the bonds; printing costs and expenses; and the costs of funding capitalized interest and required reserves.
“(a) The Council approves and authorizes the issuance of one or more series of bonds in an aggregate principal amount not to exceed $250 million. The bonds, which may be issued at any time and 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 section 104.
Section 103 of D.C. Law 18-156 added a section to read as follows: “Sec. 103. Bond authorization.
The 2013 amendment by D.C. Law 19-262 rewrote (b).