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D.C. Code § 47-340.10

District officials.

Official textus-dc/statcode.dccouncil.gov
Summarize

# (a)

The elected or appointed officials, officers, employees, or agents of the District shall not be liable personally for the payment of the bonds or be subject to any personal liability by reason of the issuance of the bonds, or for any representations, warranties, covenants, obligations, or agreements of the District contained in this subchapter, the bonds, the financing documents, or the closing documents.

# (b)

The signature, countersignature, facsimile signature, or facsimile countersignature of any official appearing on the bonds, the financing documents, or the closing documents shall be valid and sufficient for all purposes, notwithstanding the fact that the official ceases to be that official before delivery of the bonds, the financing documents, or the closing documents.

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

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In this chapter (40 sections)
  1. 47-333 · Reserved
  2. 47-334 · Definitions.
  3. 47-335 · Permissible security.
  4. 47-335.01 · Borrowing of funds for capital projects.
  5. 47-335.02 · Borrowing limitation.
  6. 47-336 · Definitions.
  7. 47-337 · Capital Review and Debt Affordability Committee.
  8. 47-338 · Duties of the Committee.
  9. 47-339 · Preliminary capital budget and multiyear capital improvements…
  10. 47-339.01 · Capital projects.
  11. 47-340 · Notation of debt service requirement on real property tax…
  12. 47-340.01 · Revenue bonds and other obligations.
  13. 47-340.02 · Bond authorization.
  14. 47-340.03 · Council review for each individual project.
  15. 47-340.04 · Details of each series of bonds.
  16. 47-340.05 · Sale of the bonds.
  17. 47-340.06 · Payment and security.
  18. 47-340.07 · Financing and closing documents.
  19. 47-340.08 · Authorized delegation of authority.
  20. 47-340.09 · Limited liability.
  21. 47-340.10 · District officials.
  22. 47-340.11 · Maintenance of documents.
  23. 47-340.12 · Information reporting.
  24. 47-340.13 · Disclaimer.
  25. 47-340.14 · Expiration.
  26. 47-340.15 · Severability.
  27. 47-340.16 · Conflict of laws.
  28. 47-340.20 · Program fee.
  29. 47-340.21 · Deposit of fees and other monies.
  30. 47-340.22 · Allocation of funds.
  31. 47-340.23 · Use of funds allocated.
  32. 47-340.26 · Definitions.
  33. 47-340.27 · Creation of the Income Tax Secured Bond Fund.
  34. 47-340.28 · Bond authorization.
  35. 47-340.29 · Bond details.
  36. 47-340.30 · Issuance of the bonds.
  37. 47-340.31 · Payment and security.
  38. 47-340.32 · Financing and closing documents.
  39. 47-340.33 · Limited liability.
  40. 47-340.34 · District officials.
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