Code of the District of Columbia

§ 8–173.46. Faith and credit and taxing power of District not pledged on obligation; statement thereto.

Bonds issued under the provisions of this chapter do not constitute an obligation of the District and are payable solely from the revenues or assets of the Authority. Each bond issued under this chapter must contain on its face a statement that the Authority 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.