District of Columbia Government Downtown Sports Arena and Convention Center Financing Act of 1995

Summary

District of Columbia Government Downtown Sports Arena and Convention Center Financing Act of 1995 - Amends the District of Columbia Self-Government and Governmental Reorganization Act to authorize an agency or instrumentality of the District of Columbia (agency) with authority to issue bonds, notes, or other obligations to issue such obligations to borrow money to finance, refinance, or assist in the development, construction, and operation of a downtown sports and entertainment complex and convention center. Provides that any resolutions authorizing the issuance of obligations by such agency may provide for: (1) the payment of such an obligation from available revenues, including assets, property, or designated fees and taxes; and (2) the securing of such an obligation by the mortgage of real property or the creation of any security interest in available revenues. Provides that prohibitions against a District officer or employee obligating or expending any amount that has not been approved by an Act of Congress shall not apply to proceeds of, payments on, or amounts expended to secure such obligations. Provides that revenue bonds or other obligations issued by an agency may create a security interest in certain District revenues, including designated taxes or fees, as additional security for payment. Provides that such obligations shall not constitute general obligations of the District, a pledge of the faith and credit or taxing power of the District, a debt of the District, or lending of the public credit for private undertakings.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 April 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 April 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 April 1995

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.