{"data":{"id":"us-dc/d.c.-code-47-392.12","jurisdiction":"us-dc","citation":"D.C. Code § 47-392.12","heading":"Pledge of security interest in revenues of District government.","body":"(a)\nThe Authority may pledge or grant a security interest in revenues to individuals or entities purchasing bonds, notes, or other obligations issued pursuant to this part.\n\n(b)\nThe Authority shall require the Mayor:\n(1)\nTo pledge or direct taxes or other revenues otherwise payable to the District government (which are not otherwise pledged or committed), including payments from the Federal Government, to the Authority for purposes of securing repayment of bonds, notes, or other obligations issued pursuant to this part; and\n(2)\nTo transfer the proceeds of any tax levied for purposes of securing such bonds, notes, or other obligations to the Authority immediately upon collection.","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 3. Budget and Financial Management; Borrowing; Deposit of Funds.","Subchapter VII. Financial Responsibility and Management Assistance.","Part C. Issuance of Bonds."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-392.12","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"9ccf65ffafcb4ad2433cbfff16dea535a060f53f59352c2477ac1caca9d6db9d","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-392.11","next":"us-dc/d.c.-code-47-392.13"},"notice":"GroundRules: Original legal text. Not legal advice."}