{"data":{"id":"us-dc/d.c.-code-2-1217.37d","jurisdiction":"us-dc","citation":"D.C. Code § 2-1217.37d","heading":"Bond authorization.","body":"(a)\nThe Council approves and authorizes the issuance of one or more series of Bonds in an aggregate principal amount not to exceed $24 million to fund the project. The Bonds, which may be issued from time to time, in one or more series, shall be tax-exempt or taxable as the Mayor shall determine and shall be payable and secured as provided in § 2-1217.37e.\n\n(b)\nThe proceeds of the Bonds shall be used as follows:\n(1)\nAn amount not to exceed $18 million shall be used to pay Development Costs of the project; and\n(2)\nThe balance of the proceeds may be used to pay the financing costs incurred by the District and to fund capitalized interest and required reserves.\n\n(c)\nThe Mayor may pay from the proceeds of the Bonds the financing costs and expenses of issuing and delivering the Bonds, including, but not limited to, underwriting, legal, accounting, financial advisory, credit enhancement, marketing, sale, and printing costs and expenses.\n\n(d)\nThe Bonds also may be issued as a TIF note to the Development Sponsor and may be held and used as security for debt incurred or to be incurred by the Development Sponsor, an agent of the Development Sponsor, or another party selected by the Development Sponsor and approved by the District.","path":["Title 2. Government Administration.","Chapter 12. Business and Economic Development.","Subchapter IX. Tax Increment Financing.","Part B. Identified Projects.","Subpart 7. Bryant Street."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1217.37d","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"48144049690c1342372a9fbe1b93aaa37450e62c2dcf5f599528fd538544693f","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1217.37c","next":"us-dc/d.c.-code-2-1217.37e"},"notice":"GroundRules: Original legal text. Not legal advice."}