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D.C. Code § 47-340.03

Council review for each individual project.

Official textus-dc/statcode.dccouncil.gov
Summarize

# (a)

For each individual project for which there is a proposed bond series issuance, the Mayor shall submit to the Council a resolution of project approval accompanied by a summary description of the proposed project, a listing of the public purpose benefits to be derived from the proposed undertaking, the preliminary legal sufficiency determinations of the Office of the Attorney General for the District of Columbia and bond counsel, and a summary of any finding of approval by the Mayor for a 30-day period of Council review, excluding Saturdays, Sundays, legal holidays, and days of Council recess.

# (b)

The Council may approve, conditionally approve, or disapprove a proposed project by resolution within 30 days after the Mayor transmits to the Council the information set forth in subsection (a) of this section. Failure of the Council to take action on a resolution within the 30-day review period shall be deemed to be Council approval of the project.

# (c)

The Council shall transmit to the Mayor notice of expiration of the review period under subsections (a) and (b) of this section.

Source: official DC Code section page (code.dccouncil.gov)

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In this chapter (40 sections)
  1. 47-326 · Reserved
  2. 47-327 · Reserved
  3. 47-328 · Reserved
  4. 47-329 · Reserved
  5. 47-330 · Reserved
  6. 47-331 · Reserved
  7. 47-332 · Reserved
  8. 47-333 · Reserved
  9. 47-334 · Definitions.
  10. 47-335 · Permissible security.
  11. 47-335.01 · Borrowing of funds for capital projects.
  12. 47-335.02 · Borrowing limitation.
  13. 47-336 · Definitions.
  14. 47-337 · Capital Review and Debt Affordability Committee.
  15. 47-338 · Duties of the Committee.
  16. 47-339 · Preliminary capital budget and multiyear capital improvements…
  17. 47-339.01 · Capital projects.
  18. 47-340 · Notation of debt service requirement on real property tax…
  19. 47-340.01 · Revenue bonds and other obligations.
  20. 47-340.02 · Bond authorization.
  21. 47-340.03 · Council review for each individual project.
  22. 47-340.04 · Details of each series of bonds.
  23. 47-340.05 · Sale of the bonds.
  24. 47-340.06 · Payment and security.
  25. 47-340.07 · Financing and closing documents.
  26. 47-340.08 · Authorized delegation of authority.
  27. 47-340.09 · Limited liability.
  28. 47-340.10 · District officials.
  29. 47-340.11 · Maintenance of documents.
  30. 47-340.12 · Information reporting.
  31. 47-340.13 · Disclaimer.
  32. 47-340.14 · Expiration.
  33. 47-340.15 · Severability.
  34. 47-340.16 · Conflict of laws.
  35. 47-340.20 · Program fee.
  36. 47-340.21 · Deposit of fees and other monies.
  37. 47-340.22 · Allocation of funds.
  38. 47-340.23 · Use of funds allocated.
  39. 47-340.26 · Definitions.
  40. 47-340.27 · Creation of the Income Tax Secured Bond Fund.
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