District Of Columbia § 47-338 - Duties of the Committee.
Full text of District Of Columbia D.C. Code § 47-338 — Duties of the Committee., with citation guidance and answers to common questions.
§ 47-338. Duties of the Committee.
47-338The Committee shall review the size and condition of the District general obligation bonds and capital lease financings on a continuing basis.
On or before August 1 of each year, the Committee shall submit to the Mayor and the Council the Committee’s estimate of the total amount of new District general obligation bonds and capital lease financings that prudently may be authorized for the next fiscal year.
In making the estimate the Committee shall consider the following:
The amount of District general obligation bonds and capital lease financings that, during the next fiscal year:
Will be outstanding; and
Will be authorized but unissued;
The capital budget;
The multiyear capital improvements plan;
Projections of debt service and capital lease payment requirements during the next 6 years;
The criteria used by bond rating agencies to judge the quality of issues of District bonds; and
Any other factor that is relevant to the ability of the District to meet its projected debt service and capital lease financings.
The estimate of the Committee is advisory and does not bind the Council or the Mayor.
The Committee may review the capital needs of the District on a continuing basis.
On or before October 1 of each year, the Committee may submit to the Mayor and the Council the Committee’s recommended allocation for the following budget year of financing determined under this section for the following capital projects:
Mass Transit Facilities and Equipment;
Public School and Public Education Facilities and Equipment;
Governmental and Public Works Facilities and Equipment;
Administrative Services Facilities and Equipment;
Transportation and Public Works Facilities and Equipment;
Public and Assisted Housing Facilities and Equipment;
Correctional and Public Safety Facilities and Equipment; and
All other capital projects.
In recommending the allocation, the Committee shall consider the following:
A multiyear capital improvements strategy;
The condition and life replacement cycle of the District’s infrastructure;
The requirements for sustained economic development;
The availability of matching federal grant funds;
The condition of and need for public and correctional facilities;
Existing contract commitments;
Commitments for regional participation; and
Comprehensive plans for other specific types of capital investment.
The allocation of financing recommended by the Committee is advisory and does not bind the Mayor or the Council.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-338
What does D.C. Code § 47-338 cover?
Section 47-338 ("Duties of the Committee.") 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 § 47-338?
A common citation format is "D.C. Code § 47-338" (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 § 47-338 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.