The authority to issue the bonds, excluding Refunding Bonds, shall expire on March 1, 2027; provided, that the expiration of the authority shall have no effect on any bonds issued prior to the expiration date or on the District's ability to issue Refunding Bonds on a future date.
(Feb. 15, 2018, D.C. Law 22-58, § 14, 64 DCR 13442; Sept. 11, 2019, D.C. Law 23-16, § 2012(c), 66 DCR 8621.)
Section 7020 of D.C. Law 22-168 repealed section 16 of D.C. Law 22-58 removing the applicability restriction impacting this section. Therefore the creation of this section by D.C. Law 22-58 has been implemented.
Applicability of D.C. Law 22-58: § 16 of D.C. Law 22-58 provided that the creation of this section by § 14 of D.C. Law 22-58 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
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