District of Columbia § 42-2704.08 Faith and credit and taxing power of District not pledged on obligation; statement thereto.

District of Columbia Statutes

§ 42-2704.08 — Faith and credit and taxing power of District not pledged on obligation; statement thereto.

District of Columbia § 42-2704.08

Title 42Real Property.

Ch. 27Housing Finance Agency.

Subch. IVFinancial Affairs of the Agency.

This text of District of Columbia § 42-2704.08 (Faith and credit and taxing power of District not pledged on obligation; statement thereto.) 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 § 42-2704.08 (2026).

Text

Bonds, notes, and other obligations issued under the provisions of this chapter do not constitute an obligation of the District, but are payable solely from the revenues or assets of the Agency. Each bond, note, or other obligation issued under this chapter must contain on its face a statement that the Agency is not obligated to pay principal or interest except from the revenues or assets pledged and that neither the faith and credit nor the taxing power of the District is pledged to the payment of the principal or interest on a bond, note, or other obligation.

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Bonds, notes, and other obligations issued under the provisions of this chapter do not constitute an obligation of the District, but are payable solely from the revenues or assets of the Agency. Each bond, note, or other obligation issued under this chapter must contain on its face a statement that the Agency is not obligated to pay principal or interest except from the revenues or assets pledged and that neither the faith and credit nor the taxing power of the District is pledged to the payment of the principal or interest on a bond, note, or other obligation.