D.C. Code § 47-3401.03
Security for advances.
# (a)
In general. —
The Secretary shall require the District government to provide such security for any advance made under §§ 47-3401 through 47-3401.04, as the Secretary determines to be appropriate.
# (b)
Authority to require specific security. —
As security for any advance made under §§ 47-3401 through 47-3401.04, the Secretary may require the District government to:
# (1)
Pledge to the Secretary specific taxes and revenue of the District government, if such pledging does not cause the District government to violate existing laws or contracts; and
# (2)
Establish a debt service reserve fund pledged to the Secretary.
Source: official DC Code section page (code.dccouncil.gov)
In this chapter (17 sections)
- 47-3401 · Transitional provision for short-term advances.
- 47-3401.01 · Intermediate-term advances for liquidation of deficit.
- 47-3401.02 · Short-term advances for seasonal cash-flow management.
- 47-3401.03 · Security for advances.
- 47-3401.04 · Reimbursement to the Treasury.
- 47-3401.05 · Definitions.
- 47-3402 · Annual payment by the United States — Appropriations —…
- 47-3403 · Annual payment by the United States — Appropriations —…
- 47-3404 · Annual payment by the United States — Appropriations —…
- 47-3405 · Annual payment by the United States — Duties of Mayor and…
- 47-3406 · Annual payment by the United States — Appropriation…
- 47-3406.01 · Federal payment formula.
- 47-3406.02 · Federal contribution to operations of government of…
- 47-3407 · Regulations.
- 47-3408 · Severability.
- 47-3409 · Divulging information obtained from Internal Revenue Service…
- 47-3410 · Effect of District of Columbia Tax Enforcement Act of 1982.