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The DC Code: § 47-398.05 Limitation on amount of borrowing financed by arena tax.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

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.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-398.5. Temporary Addition of Section For temporary (225 day) amendment of section, see § 4 of Real Property Tax Rates for Tax Year 1996 Temporary Amendment Act of 1995 (D.C. Law 11-86, February 10, 1996, law notification 43 DCR 1312). Emergency Act Amendments For temporary addition of section, see § 4 of the Real Property Tax Rates for Tax Year 1996 Emergency Amendment Act of 1995 (D.C. Act 11-148, October 26, 1995, 42 DCR 6054), § 4 of the Real Property Tax Rates for Tax Year 1996 Congressional Review Emergency Amendment Act of 1996 (D.C. Act 11-183, January 22, 1996, 43 DCR 376), and § 1303 of the Budget Support Congressional Review Emergency Act of 1996 (D.C. Act 11-206, February 9, 1996, 43 DCR 777). Legislative History of Laws For legislative history of D.C. Law 11-98, see Historical and Statutory Notes following § 47-319.01. DC CODE § 47-398.05 Current through December 11, 2012

Credits

(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.)