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The DC Code: § 34-2202.20 No inurement to private persons; exemption from District taxation.

Index34 Public Utilities. (Refs & Annos)
a
All rights, property and assets of the Authority shall transfer automatically to the District government upon dissolution of the Authority.
b
None of the property, assets or earnings of the Authority shall inure to any private person or entity.
c
The Authority, its income, property, and transactions shall be exempt from District taxes.

Historical and Statutory

Prior Codifications 1981 Ed., § 43-1690. Emergency Act Amendments For temporary addition of section, see § 2(n) of the District of Columbia Water and Sewer Authority Emergency Amendment Act of 1996 (D.C. Act 11-293, July 9, 1996, 43 DCR 4160). For temporary addition of section, see § 2(n) of the Water and Sewer Authority Congressional Review Emergency Amendment Act of 1996 (D.C. Act 11-397, October 9, 1996, 43 DCR 5686), § 2(n) of the Water and Sewer Authority Second Congressional Review Emergency Amendment Act of 1996 (D.C. Act 11-466, December 30, 1996, 44 DCR 165), and § 2(n) of the Water and Sewer Authority Congressional Review Emergency Amendment Act of 1997 (D.C. Act 12-48, March 31, 1997, 44 DCR 2105). Legislative History of Laws For legislative history of D.C. Law 11-184, see Historical and Statutory Notes following § 34-2201.01. DC CODE § 34-2202.20 Current through December 11, 2012

Credits

(Apr. 18, 1996, D.C. Law 11-111, § 220, as added Apr. 9, 1997, D.C. Law 11-184, § 202(n), 43 DCR 4265.)