Section 10-B5005. EXEMPT PURPOSE BONDS AND INDUSTRIAL DEVELOPMENT BONDS

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5005.1In reviewing and evaluating applications, the Office of Business and Economic Development (OBED) shall determine whether a proposed bond would constitute an exempt purpose bond or a qualified industrial development bond and shall advise the Deputy Mayor for Economic Development of its determination.

5005.2Exempt purpose bonds shall not be subject to any provisions of this chapter applicable to industrial development bonds, specifically including, but not limited to, the provisions of §§5002.5, 5004, 5006, 5007, and 5008.

5005.3The provisions of §§5006 through 5008 shall apply solely to industrial development bonds.

source

Final Rulemaking published at 30 DCR 4905, 4915 (September 23, 1983).

                    
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