- The members of the Council, the Mayor, or any person executing Bonds shall not be liable personally on the Bonds by reason of the issuance thereof.
- Notwithstanding any other provision of this subchapter, the Bonds shall not be general obligations of the District and shall not be in any way a debt or liability of the District within the meaning of any debt or other limit prescribed by law. The full faith and credit or the general taxing power of the District (other than the Tax Increment Revenues or other security authorized under this subchapter) shall not be pledged to secure the payment of any Bonds.
Historical and Statutory
Legislative History of Laws
For Law 15-185, see notes following § 2-1217.71.
DC CODE § 2-1217.81
Current through December 11, 2012
(Sept. 8, 2004, D.C. Law 15-185, § 12, 51 DCR 5941.)