District of Columbia § 10-1603.07 Soccer Stadium Financing Fund.

District of Columbia Statutes

§ 10-1603.07 — Soccer Stadium Financing Fund.

District of Columbia § 10-1603.07

Title 10Parks, Public Buildings, Grounds, and Space.

Ch. 16Sports Facilities.

Subch. IIISoccer Stadium Development.

This text of District of Columbia § 10-1603.07 (Soccer Stadium Financing Fund.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 10-1603.07 (2026).

Text

(a)There is established as a special fund the Soccer Stadium Financing Fund ("Fund"), which shall be administered by the Deputy Mayor for Planning and Economic Development in accordance with subsections (c) and (d) of this section.

(b)Revenue from the following sources shall be deposited in the Fund:

(1)The payment made by the District of Columbia Water and Sewer Authority to the District government pursuant to section 3.02 of the memorandum of agreement entered into between the District of Columbia and the District of Columbia Water and Sewer Authority, dated December 15, 2014;

(2)Any payment made by D.C. United to the District government pursuant to section 5.9 of the development agreement; (2A) Any payment made by D.C. United to the District government pursuant to the revi

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(a) There is established as a special fund the Soccer Stadium Financing Fund ("Fund"), which shall be administered by the Deputy Mayor for Planning and Economic Development in accordance with subsections (c) and (d) of this section.

(b) Revenue from the following sources shall be deposited in the Fund:

(1) The payment made by the District of Columbia Water and Sewer Authority to the District government pursuant to section 3.02 of the memorandum of agreement entered into between the District of Columbia and the District of Columbia Water and Sewer Authority, dated December 15, 2014;

(2) Any payment made by D.C. United to the District government pursuant to section 5.9 of the development agreement;

(2A) Any payment made by D.C. United to the District government pursuant to the revised ground lease;

(3) The proceeds of the sale of the District-owned property located at 1st and K Streets, N.W., which property is designated for tax and assessment purposes as Lot 82 in Square 559; and

(4) The funds reprogrammed pursuant to section 3 of the Fiscal Year 2015 Revised Budget Request Emergency Adjustment Act of 2014 [D.C. Act 20-545, effective Dec. 23, 2014].

(c) Money in the Fund shall be used for the following purposes:

(1) To pay for the operating expenditures or other costs incurred in the implementation of this subchapter ; and

(2) To offset the revenue reduction impacts of this subchapter .

(d) Money in the Fund may not be used for any purpose not identified in subsection (c) of this section.

(e) (1) The money deposited into the Fund, and interest earned, shall not revert to the unrestricted fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time.

(2) Subject to authorization in an approved budget and financial plan, any funds appropriated in the Fund shall be continually available without regard to fiscal year limitation.