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The DC Code: § 42-2704.08 Faith and credit and taxing power of District not pledged on obligation; statement thereto.

Index42 Real Property. (Refs & Annos)

Bonds, notes, and other obligations issued under the provisions of this chapter do not constitute an obligation of the District, but are payable solely from the revenues or assets of the Agency. Each bond, note, or other obligation issued under this chapter must contain on its face a statement that the Agency is not obligated to pay principal or interest except from the revenues or assets pledged and that neither the faith and credit nor the taxing power of the District is pledged to the payment of the principal or interest on a bond, note, or other obligation.

Historical and Statutory

Prior Codifications 1981 Ed., § 45-2138. 1973 Ed., § 45-1923. Legislative History of Laws For legislative history of D.C. Law 2-135, see Historical and Statutory Notes following § 42-2701.01. For legislative history of D.C. Law 12-247, see Historical and Statutory Notes following § 42-2701.01. DC CODE § 42-2704.08 Current through December 11, 2012

Credits

(Mar. 3, 1979, D.C. Law 2-135, § 408, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(s), 46 DCR 1100.)