Statutes, codes, and regulations
District of Columbia Official Code
Division VIII - GENERAL LAWSTitle 47 - TAXATION, LICENSING, PERMITS, ASSESSMENTS, AND FEESChapter 3 - BUDGET AND FINANCIAL MANAGEMENT; BORROWING; DEPOSIT OF FUNDS
Subchapter VIII - DISTRICT OF COLUMBIA CONVENTION CENTER AND SPORTS ARENA AUTHORIZATION
Section 47-398.05 - Limitation on amount of borrowing financed by arena tax

D.C. Code § 47-398.05

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Current through codified legislation effective October 30, 2024
Section 47-398.05 - 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.

D.C. Code § 47-398.05

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.