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HR 1509 104th Congress House Government Operations and Politics Appropriations Convention facilities District of Columbia Economics and Public Finance Finance and Financial Sector Government securities Government spending Infrastructure Municipal budgets Municipal finance Municipal taxation Sports and Recreation Stadiums Surety and fidelity Tax-exempt securities Taxation

District of Columbia Government Downtown Sports Arena and Convention Center Financing Act of 1995

Introduced: April 7, 1995 Introduced by: Norton, Eleanor Holmes Democratic · District of Columbia See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 1995
Sponsor introductory remarks on measure. (CR E1192-1193)
Apr 25, 1995
Referred to the Subcommittee on District of Columbia.
Apr 7, 1995
Referred to the House Committee on Government Reform and Oversight. Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 7, 1995
Sponsor introductory remarks on measure. (CR E859)
Apr 7, 1995
Introduced in House
 Plain-English summary Congressional Research Service

District of Columbia Government Downtown Sports Arena and Convention Center Financing Act of 1995 - Amends the District of Columbia Self-Government and Governmental Reorganization Act to authorize an agency or instrumentality of the District of Columbia (agency) with authority to issue bonds, notes, or other obligations to issue such obligations to borrow money to finance, refinance, or assist in the development, construction, and operation of a downtown sports and entertainment complex and convention center.

Provides that any resolutions authorizing the issuance of obligations by such agency may provide for: (1) the payment of such an obligation from available revenues, including assets, property, or designated fees and taxes; and (2) the securing of such an obligation by the mortgage of real property or the creation of any security interest in available revenues.

Provides that prohibitions against a District officer or employee obligating or expending any amount that has not been approved by an Act of Congress shall not apply to proceeds of, payments on, or amounts expended to secure such obligations.

Provides that revenue bonds or other obligations issued by an agency may create a security interest in certain District revenues, including designated taxes or fees, as additional security for payment. Provides that such obligations shall not constitute general obligations of the District, a pledge of the faith and credit or taxing power of the District, a debt of the District, or lending of the public credit for private undertakings.

What's happening now June 8, 1995

Sponsor introductory remarks on measure. (CR E1192-1193)

 Committees of jurisdiction 2