*NOTE: This section includes amendments by temporary legislation that will expire on November 4, 2026. To view the text of this section after the expiration of all emergency and temporary legislation, click this link: Past Permanent Version.*

1. (a) The Council approves and authorizes the issuance of one or more series of bonds. The bonds, which may be issued at any time and from time to time, in one or more series, shall be tax-exempt or taxable as the Mayor shall determine and shall be payable and secured as provided in § 8-1778.23.
2. (b) The Mayor is authorized to pay from the proceeds of a bond’s issuance costs, the cost of funding capitalized interest and required reserves, and other costs authorized by § 1-204.90(f). In the event bonds are sold other than through a public offering, the issuance costs may be paid from the Special Energy Assessment Program Administrative Account.
3. (c) The remaining proceeds of the bonds shall be paid into the National Capital Energy Fund established by § 8-1778.41 and used to provide funds for the initial installation of Energy Efficiency Improvements that are permanently attached to residential, commercial, industrial, or other real property as authorized under subchapter III of this chapter.

History

May 27, 2010, D.C. Law 18-183, § 202, 57 DCR 3406

Apr. 20, 2013, D.C. Law 19-262, § 102(c), 60 DCR 1300

Mar. 24, 2026, D.C. Law 26-106, § 2

Emergency Legislation

For temporary (90 day) addition, see § 103 of Energy Efficiency Emergency Act of 2009 (D.C. Act 18-324, March 1, 2010, 57 DCR 1851).

For temporary (90 days) amendment of this section, see § 2 of Energy Efficiency Financing Debt Cap Emergency Amendment Act of 2025 (D.C. Act 26-235, Dec. 19, 2025, 73 DCR 64).

Temporary Legislation

Section 402(b) of D.C. Law 18-156 provided that the act shall expire after 225 days of its having taken effect.

“(c) The remaining proceeds of the bonds shall be paid into the National Capital Energy Fund created by section 202 and used to provide funds for the initial installation of energy efficiency and renewable energy improvements that are permanently attached to residential, commercial, industrial, or other real property as authorized under Title II.”

“(b) The Mayor is authorized to pay from the proceeds of the bonds the financing costs and expenses of issuing and delivering the bonds, including, but not limited to, underwriting, legal, accounting, and financial advisory fees; bond insurance or other credit enhancement; expenses for marketing and selling the bonds; printing costs and expenses; and the costs of funding capitalized interest and required reserves.

“(a) The Council approves and authorizes the issuance of one or more series of bonds in an aggregate principal amount not to exceed $250 million. The bonds, which may be issued at any time and from time to time, in one or more series, shall be tax-exempt or taxable as the Mayor shall determine and shall be payable and secured as provided in section 104.

Section 103 of D.C. Law 18-156 added a section to read as follows: “Sec. 103. Bond authorization.

For temporary (225 days) amendment of this section, see § 2 of Energy Efficiency Financing Debt Cap Temporary Amendment Act of 2026 (D.C. Law 26-106, Mar. 24, 2026, 73 DCR 1076).

Effect of Amendments

The 2013 amendment by D.C. Law 19-262 rewrote (b).