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District of Columbia Code Division I. Government of District. § 8-173.31. Financing sustainable program and projects.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The Authority may use funds obtained from the issue of debt under § 1-204.90 to make, issue commitments for, or participate in making loans, loan guarantees, or other forms of financing for sustainable projects and programs.

(b) The Authority may invest in, purchase, make commitments to purchase, take assignments from lenders, originate, and service loans, loan guarantees, or other forms of financing issued pursuant to this section either directly or through lenders, pursuant to criteria established by the Authority, for its sustainable projects and programs.

(c) The Authority shall establish a financing plan for the capital base of the Authority, which it shall make public on its website.

(d)(1) Within 12 months after the Board's initial appointment of an Executive Director, the Authority shall adopt performance targets for its sustainable projects and programs, which it shall make public on its website.

(2) At least 30 days before adopting or revising the performance targets required by paragraph (1) of this subsection, the Authority shall publish its proposed performance targets in the District of Columbia Register and make the proposed performance targets publicly available on the Authority's website. The proposed performance targets published in the District of Columbia Register and on the Authority's website shall indicate how the public may submit comments on the proposed performance targets to the Authority.

(3) Before adopting or revising the performance targets required by paragraph (1) of this subsection, and within 7 days after the 30-day period described in paragraph (2) of this subsection, all comments received by the Authority during the 30-day period described in paragraph (2) of this subsection shall be made public on the Authority's website.

(e) The Authority shall ensure that the sustainable projects and programs financed pursuant to this chapter align with sustainable projects and programs implemented by the Department, other District agencies, and the Sustainable Energy Utility.

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Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 8-173.31. Financing sustainable program and projects. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-8-173-31/

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