District Of Columbia § 34-1312.03 - Payment and security.
Full text of District Of Columbia D.C. Code § 34-1312.03 — Payment and security., with citation guidance and answers to common questions.
§ 34-1312.03. Payment and security.
34-1312.03Except as may be otherwise specifically provided in this chapter, debt service on the Bonds shall be payable solely from proceeds received from the sale of the Bonds, income realized from the temporary investment of those proceeds, DDOT Underground Electric Company Infrastructure Improvement Revenue, income realized from the temporary investment of the DDOT Underground Electric Company Infrastructure Improvement Revenue before payment to the bond holders, and other moneys that, as provided in the financing documents, may be made available for payment of the Bonds from sources other than the District or the electric company, all as provided for in the financing documents.
The DDOT Underground Electric Company Infrastructure Improvement Revenue is irrevocably pledged as security for the repayment of the Bonds and any financing costs. Payment of the Bonds shall be secured as provided in this chapter and the financing documents and by an assignment by the District of certain of its rights under the financing documents and closing documents to the trustee for the benefit of the bond holders.
The trustee is authorized to deposit, invest, and disburse the proceeds received from the sale of the Bonds pursuant to the financing documents.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 34-1312.03
What does D.C. Code § 34-1312.03 cover?
Section 34-1312.03 ("Payment and security.") 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 § 34-1312.03?
A common citation format is "D.C. Code § 34-1312.03" (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 § 34-1312.03 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.