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D.C. Code § 47-391.07

Suspension of activities.

Official textus-dc/statcode.dccouncil.gov
Summarize

# (a)

Suspension upon payment of Authority obligations. —

# (1)

In general. —
Upon the expiration of the 12-month period which begins on the date that the Authority certifies that all obligations arising from the issuance by the Authority of bonds, notes, or other obligations pursuant to part C of this subchapter have been discharged, and that all borrowings by or on behalf of the District of Columbia pursuant to §§ 47-3401 through 47-3401.04, have been repaid, the Authority shall suspend any activities carried out under this Act and the terms of the members of the Authority shall expire.

# (2)

No suspension during control year. —
The Authority may not suspend its activities pursuant to paragraph (1) of this subsection at any time during a control year.

# (b)

Reactivation upon initiation of control period. —
Upon receiving notice from the Chairs of the Appropriations Committees of the House of Representatives and the Senate that a control period has been initiated (as described in § 47-392.09) at any time after the Authority suspends its activities under subsection (a) of this section, the President shall appoint members of the Authority, and the Authority shall carry out activities under this Act, in the same manner as the President appointed members and the Authority carried out activities prior to such suspension.

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

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In this chapter (40 sections)
  1. 47-372 · Definitions.
  2. 47-373 · Organization of fund structure.
  3. 47-374 · Accepted accounting principles to be followed.
  4. 47-375 · Duties of Mayor.
  5. 47-376 · Construction of subchapter.
  6. 47-377 · Financial obligations of District.
  7. 47-381 · Findings.
  8. 47-382 · Definitions.
  9. 47-383 · Grant application procedure.
  10. 47-384 · Notice of application for grant funds.
  11. 47-385 · Procedure for Council consent to certain grant applications…
  12. 47-387.01 · Certification by the CFO of minimum 5% accumulated general…
  13. 47-387.51 · Maintenance of Effort and Matching funds inclusion in…
  14. 47-387.52 · Effect of reprogrammings on Maintenance of Effort and…
  15. 47-391.01 · District of Columbia Financial Responsibility and…
  16. 47-391.02 · Executive Director and staff of Authority.
  17. 47-391.03 · Powers of Authority.
  18. 47-391.04 · Exemption from liability for claims for authority employees.
  19. 47-391.05 · Treatment of actions arising from act.
  20. 47-391.06 · Funding for operation of Authority.
  21. 47-391.07 · Suspension of activities.
  22. 47-391.08 · Application of laws of District of Columbia to Authority.
  23. 47-391.09 · Chief Management Officer.
  24. 47-392.01 · Development of financial plan and budget for District of…
  25. 47-392.02 · Process for submission and approval of financial plan and…
  26. 47-392.03 · Review of activities of district government to ensure…
  27. 47-392.04 · Restrictions on borrowing by District during control year.
  28. 47-392.05 · Deposit of annual federal contribution with Authority.
  29. 47-392.06 · Effect of finding of non-compliance with financial plan and…
  30. 47-392.07 · Recommendations on financial stability and management…
  31. 47-392.08 · Special rules for Fiscal Year 1996.
  32. 47-392.09 · Control periods described.
  33. 47-392.10 · [Reserved].
  34. 47-392.11 · Authority to issue bonds.
  35. 47-392.12 · Pledge of security interest in revenues of District…
  36. 47-392.13 · Establishment of debt service reserve fund.
  37. 47-392.14 · Other requirements for issuance of bonds.
  38. 47-392.15 · No full faith and credit of the United States.
  39. 47-392.16 · Reserved
  40. 47-392.17 · Reserved
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