Statutes > District of Columbia Statutes > Division I - Government of District (TITLE 1 to TITLE 10) > TITLE 10 - PARKS, PUBLIC BUILDINGS, GROUNDS, AND SPACE (SUBTITLE I to SUBTITLE IV) > SUBTITLE IV - SPECIFIC LOCALES (Chapter 12 to Chapter 18) > Chapter 12 - Washington Convention Center Authority (Subchapter I to Subchapter III) > Subchapter II - New Convention Center Hotel Financing (Section 10-1221.01 to Section 10-1221.15) > Section 10-1221.15 - Federal recovery act reimbursement requirement

Section 10-1221.15 - Federal recovery act reimbursement requirement

Federal recovery act reimbursement requirement

If the District or the Authority receive reimbursement, subsidy, or TIF debt service relief in excess of the funds required by the bond covenant authorized by this subchapter, pursuant to the American Recovery and Reinvestment Act of 2009, approved February 17, 2009 (123 Stat. 115; 26 U.S.C. § 1, note), the revenue and relief shall be credited to the District and shall be deposited in the General Fund of the District of Columbia.

CREDIT(S)

(Sept. 19, 2006, D.C. 16-133, § 113b, as added Oct. 22, 2009, D.C. Law 18-78, § 3(e), 56 DCR 6959.)

HISTORICAL AND STATUTORY NOTES

Emergency Act Amendments
For temporary (90 day) addition, see § 3(e) of New Convention Center Hotel Emergency Amendment Act of 2009 (D.C. Act 18-186, August 12, 2009, 56 DCR 6967).
Legislative History of Laws
For Law 18-78, see notes following § 10-1202.01.

Current through September 13, 2012