{"data":{"id":"us-dc/d.c.-code-47-398.02","jurisdiction":"us-dc","citation":"D.C. Code § 47-398.02","heading":"Permitting certain District revenues to be pledged as security for borrowing.","body":"(a)\nThe District of Columbia (including the designated authority described in § 47-398.01(c)) may pledge as security for any borrowing undertaken pursuant to § 47-398.01(a) any revenues of the District of Columbia which are attributable to the sports arena tax imposed as a result of the enactment of D.C. Law 10-128 (as amended by the Arena Tax Amendment Act of 1994 (D.C. Act 10-315)), upon the transfer of such revenues by the Mayor of the District of Columbia to the designated authority pursuant to § 47-2752(a-1)(3).\n\n(b)\nAny revenues pledged as security by the District of Columbia pursuant to subsection (a) of this section shall be excluded from the determination of the dollar amount equivalent to 14% of District revenues under § 1-206.03(b)(3)(A).","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 3. Budget and Financial Management; Borrowing; Deposit of Funds.","Subchapter VIII. District of Columbia Convention Center and Sports Arena Authorization."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-398.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"926bdae493a98bcde9b9b4784afd5cf23f123d37741d217ce50e10c8422f7efa","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-398.01","next":"us-dc/d.c.-code-47-398.03"},"notice":"GroundRules: Original legal text. Not legal advice."}