District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 47-3401.03: Security for advances.

Where this section sits in the code

Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 34. Miscellaneous Provisions.

(a)

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)

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.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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