{"data":{"id":"us-dc/d.c.-code-10-1221.05","jurisdiction":"us-dc","citation":"D.C. Code § 10-1221.05","heading":"Bond authorization.","body":"(a)\nThe Council approves and authorizes the issuance to the Authority of bonds in an aggregate amount sufficient to provide net proceeds as follows:\n(1)\nAn amount not to exceed $159 million for the costs of the project; and\n(2)\nThe amount of $2 million for the D.C. Citizens’ Job Program; provided, that:\n(A)\nThe program shall begin no later than 2 years before the completion of the construction of the New Convention Center Hotel.\n(B)\nThe program shall train and hire citizens of the District for permanent employment positions in the New Convention Center Hotel.\n(C)\nThe development, administration, and oversight of the program shall be the responsibility of the Authority.\n(D)\nThe Authority shall ensure that Marriott International, Inc.; representatives of organized labor; ONE DC (formerly known as Manna CDC), a community development corporation organized in the District; and other community organizations which have demonstrated experience in providing effective job training and placement in hospitality industry jobs participate in the development of the program.\n(E)\nThe program shall be designed to provide job-specific training which meets the specifications of positions to be filled at the New Convention Center Hotel and shall provide that District citizens who successfully complete the training be given first consideration for the jobs for which they have been trained.\n\n(b)\nThe bonds shall be tax-exempt or taxable as the Mayor shall determine and shall be payable from and secured by funds in the New Convention Center Hotel Fund (or the portion of such funds as shall be determined in accordance with the terms of the bonds for the payment of debt service on the bonds).\n\n(c)\nThe Mayor is authorized to pay from the proceeds of the bonds the costs and expenses of issuing and delivering the bonds, including, but not limited to, underwriting, legal, accounting, financial advisory, bond insurance or other credit enhancement, marketing and selling the bonds, and printing costs and expenses.","path":["Title 10. Parks, Public Buildings, Grounds, and Space.","Chapter 12. Washington Convention and Sports Authority.","Subchapter II. New Convention Center Hotel Financing."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/10-1221.05","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b278897bc5a3442f828fbe41e9d3ed6b70fc2e7b01fc56e65e3b8de8194497de","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-10-1221.04","next":"us-dc/d.c.-code-10-1221.06"},"notice":"GroundRules: Original legal text. Not legal advice."}