D.C. Code § 2-1217.39k

Current through codified legislation effective June 1, 2024
Section 2-1217.39k - District officials
(a) Except as otherwise provided in section 11(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 act, 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.

D.C. Code § 2-1217.39k

Mar. 22, 2019, D.C. Law 22-263, § 12, 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Applicability of D.C. Law 22-263: § 7165 of D.C. Law 23-16 repealed § 16 of D.C. Law 22-263.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 § 12 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.