For the purposes of this subchapter, the term:
(1) “Chief Financial Officer” or “CFO” means the Chief Financial Officer of the District established by § 47-317.01(a).
(2) “District” means the District of Columbia.
(3) “General Obligation Bonds” means the District of Columbia general obligation bonds issued, or to be issued, by the District, of which net proceeds in the amount of $25 million shall be paid to the Washington Metropolitan Area Transit Authority to be used to pay costs of the New York Avenue Metro Project.
(4) “New York Avenue Metro Project” means the acquisition, construction, and equipping of a new Metrorail station to be located in the vicinity of New York and Florida Avenues, N.E., Washington, D.C.
(5) “New York Avenue Metrorail Benefit Area” or “MBA” means the special assessment district established under § 47-882.
(6) “New York Avenue Metrorail Benefit Area Account” means the account established under § 47-884.
(7) “Special Assessment Annual Collection Amount” means the amount established under § 47-883.
(8) “Special Assessment Factor” means the Special Collection Amount divided by the aggregate assessed value of real property subject to this subchapter, as determined and adjusted under § 47-883.
(9) “Special Assessment Total Collection Amount” means the aggregate amount of collections under this subchapter established under § 47-883.
(10) “Tax lot” means a tax lot as shown on the real property tax records of the District.
CREDIT(S)
(Oct. 26, 2001, D.C. Law 14-44, § 2, 48 DCR 7665.)
HISTORICAL AND STATUTORY NOTES
Temporary Addition of Section
For temporary (225 day) addition of section, see § 2(b) of New York Avenue Metro Special Assessment Authorization Temporary Act of 2001 (D.C. Law 14-25, October 2, 2001, law notification 48 DCR 9564).
Emergency Act Amendments
For temporary (90 day) addition of section, see § 2 of New York Avenue Metro Special Assessment Authorization Emergency Act of 2001 (D.C. Act 14-64, June 6, 2001, 48 DCR 5714).
For temporary (90 day) addition of section, see § 2 of New York Avenue Metro Special Assessment Authorization Legislative Review Emergency Act of 2001 (D.C. Act 14-115, August 3, 2001, 48 DCR 7652).
Legislative History of Laws
Law 14-44, the “New York Avenue Metro Special Assessment Authorization Act of 2001”, was introduced in Council and assigned Bill No. 14-147, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on June 26, 2001, and July 10, 2001, respectively. Signed by the Mayor on July 24, 2001, it was assigned Act No. 14-117 and transmitted to both Houses of Congress for its review. D.C. Law 14-44 became effective on October 26, 2001.