D.C. Code § 47-340.14
Expiration.
If any series of bonds is not issued, sold, and delivered to the original purchaser within 3 years of the date of Council approval of a project pursuant to § 47-340.03, the authorization provided in this subchapter with respect to the issuance, sale, and delivery of such series of bonds shall expire.
Source: official DC Code section page (code.dccouncil.gov)
In this chapter (40 sections)
- 47-335.02 · Borrowing limitation.
- 47-336 · Definitions.
- 47-337 · Capital Review and Debt Affordability Committee.
- 47-338 · Duties of the Committee.
- 47-339 · Preliminary capital budget and multiyear capital improvements…
- 47-339.01 · Capital projects.
- 47-340 · Notation of debt service requirement on real property tax…
- 47-340.01 · Revenue bonds and other obligations.
- 47-340.02 · Bond authorization.
- 47-340.03 · Council review for each individual project.
- 47-340.04 · Details of each series of bonds.
- 47-340.05 · Sale of the bonds.
- 47-340.06 · Payment and security.
- 47-340.07 · Financing and closing documents.
- 47-340.08 · Authorized delegation of authority.
- 47-340.09 · Limited liability.
- 47-340.10 · District officials.
- 47-340.11 · Maintenance of documents.
- 47-340.12 · Information reporting.
- 47-340.13 · Disclaimer.
- 47-340.14 · Expiration.
- 47-340.15 · Severability.
- 47-340.16 · Conflict of laws.
- 47-340.20 · Program fee.
- 47-340.21 · Deposit of fees and other monies.
- 47-340.22 · Allocation of funds.
- 47-340.23 · Use of funds allocated.
- 47-340.26 · Definitions.
- 47-340.27 · Creation of the Income Tax Secured Bond Fund.
- 47-340.28 · Bond authorization.
- 47-340.29 · Bond details.
- 47-340.30 · Issuance of the bonds.
- 47-340.31 · Payment and security.
- 47-340.32 · Financing and closing documents.
- 47-340.33 · Limited liability.
- 47-340.34 · District officials.
- 47-340.35 · Maintenance of documents.
- 47-340.36 · Information reporting.
- 47-341 · Definitions.
- 47-342 · Mayor to invest or deposit certain funds.