District Of Columbia § 1-308.06 - Details of Bonds.
Full text of District Of Columbia D.C. Code § 1-308.06 — Details of Bonds., with citation guidance and answers to common questions.
§ 1-308.06. Details of Bonds.
1-308.06Subject to the terms of the resolution authorizing issuance of the Bonds, the Mayor may take any action necessary or appropriate in accordance with this part in connection with the preparation, execution, issuance, sale, delivery, and payment of Bonds, including determinations of:
The final form, content, designation, and terms of the Bonds, including a determination that the Bonds may be issued in certificate or book entry form;
The principal amount of the Bonds to be issued and denominations of the Bonds;
The rate or rates of interest or the method for determining the rate or rates of interest on the Bonds;
The date or dates of issuance, sale, and delivery of, and the payment of interest on the Bonds, and the maturity date or dates of the Bonds;
The terms under which the Bonds may be paid, optionally or mandatorily redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before their respective stated maturities;
Provisions for the registration, transfer, and exchange of each series of Bonds and the replacement of mutilated, lost, stolen, or destroyed Bonds;
The creation of any reserve fund, sinking fund, or other fund with respect to the Bonds;
The time and place of payment of the Bonds;
Procedures for monitoring the use of the proceeds received from the sale of the Bonds to ensure that they are properly applied to the project and used to accomplish the purposes of this part; and
Actions necessary to qualify the Bonds under blue sky laws of any jurisdiction where the Bonds are marketed.
The Bonds shall contain a legend, which shall provide that the Bonds shall be special obligations of the District, shall be nonrecourse to the District, shall not be a pledge of, and shall not involve, the faith and credit or the taxing power of the District (other than the PILOT or any other security authorized by this part), shall not constitute a debt of the District, and shall not constitute lending of the public credit for private undertakings as prohibited in .
The Bonds shall be executed in the name of the District and on its behalf by the manual or facsimile signature of the Mayor. The Mayor’s execution and delivery of the Bonds shall constitute conclusive evidence of the Mayor’s approval, on behalf of the District, of the final form and content of the same.
The official seal of the District, or facsimile of it, shall be impressed, printed, or otherwise reproduced on the Bonds.
The Bonds may be issued at any time or from time to time in one or more issues and in one of more series.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 1-308.06
What does D.C. Code § 1-308.06 cover?
Section 1-308.06 ("Details of Bonds.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 1-308.06?
A common citation format is "D.C. Code § 1-308.06" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 1-308.06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.