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United States · Bill · HR

H.R. 4548 (95th)

A bill to amend the District of Columbia Stadium Act of 1957 to provide for a sharing of the financial obligations of such stadium.

referredUnited States· United States Congress· EN

Introduced

7 March 1977

Last action

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Status

Referred to House Committee on the District of Columbia.

Sponsors

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Subjects

Discovery layer

Source updated

1 August 2024

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Summary

Authorizes the D. C. Armory Board to use the amount of money not needed for the operation of R. F. K. Stadium ("sinking fund") to repurchase stadium bonds before maturity, provided such repurchase is financially advantageous to the Board. Authorizes the District of Columbia to borrow, from the Secretary of the Treasury, such amount as may be necessary, to make its contribution to the sinking fund. Forbids the repayment of that loan from such sinking fund. Vests all right, title and interest to the Stadium in the District of Columbia, after the stadium bonds have been paid off.

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Documents

1 official file

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Sources

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