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Current as of January 01, 2024 | Updated by Findlaw Staff
The fourth sentence of section 446 of the District of Columbia Home Rule Act (§ 1-204.46) shall not apply with respect to any of the following obligations or expenditures:
(1) Borrowing conducted pursuant to § 47-398.01(a);
(2) The pledging of revenues as security for such borrowing pursuant to § 47-398.02(a);
(3) The payment of principal, interest, premium, debt servicing, contributions to reserves, or other costs associated with such borrowing; or
(4) Other obligations or expenditures made to carry out any arena preconstruction activity described in § 47-398.04.
Cite this article: FindLaw.com - District of Columbia Code Division VIII. General Laws. § 47-398.03. No appropriation necessary for arena preconstruction activities. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-viii-general-laws/dc-code-sect-47-398-03/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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