D.C. Code § 47-340.01 - Revenue bonds and other obligations
|Cite as:||D.C. Code § 47-340.01|
|Currency:||Current through L23-95|
For the purpose of this subchapter, the term:
(1) "Applicant" means each person, sole proprietorship, corporation, partnership, limited partnership, joint venture, trust, firm, association, unincorporated organization, or a government or an agency or political subdivision thereof, or other legal entity, applying to receive revenue bond financing pursuant to section 490 of the Home Rule Act [§ 1-204.90 ].
(2) "Authorized delegate" means the Assistant City Administrator for Economic Development, the Deputy Mayor for Financial Management, or any officer or employee of the Executive Office of the Mayor to whom the Mayor has delegated or to whom the foregoing individuals have subdelegated any of the Mayor's functions under this subchapter pursuant to section 422(6) of the Home Rule Act [§ 1-204.22(6) ].
(3) "Bond counsel" means a firm or firms of attorneys designated as bond counsel from time to time by the Mayor.
(4) "Bonds" means one or the several separate series of District revenue bonds, notes, and other obligations authorized to be issued pursuant to this subchapter.
(5) "Chairman" means the Chairman of the Council of the District of Columbia.
(6) "Closing documents" means all documents and agreements other than financing documents that may be necessary and appropriate to issue, sell, and deliver each applicable series of bonds and to make the loans contemplated thereby, and includes agreements, certificates, letters, opinions, forms, receipts, and other similar instruments.
(7) "Council" means the Council of the District of Columbia.
(8) "Development" means the acquisition, purchase, construction, reconstruction, improvement, renovation, rehabilitation, restoration, remodeling, repair, expansion, or extension and the equipping and the furnishing of eligible projects.
(9) "District" means the District of Columbia.
(10) "Eligible project" means the financing, refinancing, or reimbursing of costs of the development of facilities in the areas of housing, health facilities, transit and utility facilities, recreation facilities, college and university facilities, college and university student loan programs, pollution control facilities, and industrial and commercial development authorized pursuant to this subchapter.
(11) "Financing documents" means the documents other than closing documents that relate to the financing or refinancing of transactions to be effected through the issuance, sale, and delivery contemplated thereby, including any offering documents and any required supplements to those documents.
To continue readingFREE SIGN UP