{"data":{"id":"us-dc/d.c.-code-8-1778.22-perm","jurisdiction":"us-dc","citation":"D.C. Code § 8-1778.22(Perm)","heading":"Bond authorization.","body":"\n  *NOTE: This codification is not the most current, due to recent law changes. To see the current law (including emergency and temporary legislation, if relevant) click this link: Current Version*\n  \n\n(a)\nThe Council approves and authorizes the issuance of one or more series of bonds in an aggregate principal amount not to exceed $250 million. The bonds, which may be issued at any time and 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 § 8-1778.23.\n\n(b)\nThe Mayor is authorized to pay from the proceeds of a bond’s issuance costs, the cost of funding capitalized interest and required reserves, and other costs authorized by § 1-204.90(f). In the event bonds are sold other than through a public offering, the issuance costs may be paid from the Special Energy Assessment Program Administrative Account.\n\n(c)\nThe remaining proceeds of the bonds shall be paid into the National Capital Energy Fund established by § 8-1778.41 and used to provide funds for the initial installation of Energy Efficiency Improvements that are permanently attached to residential, commercial, industrial, or other real property as authorized under subchapter III of this chapter.","path":["Title 99. Reserved sections."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/8-1778.22(Perm)","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"ae11e012ef9a57fa920480b265b2edf08a99758ebb1e939176040421eeea712a","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-3-342.01-perm","next":"us-dc/d.c.-code-6-1453.01-perm"},"notice":"GroundRules: Original legal text. Not legal advice."}