Notwithstanding any other provision of the Charter, the approvals of the Council pursuant to this Article 6.5 of the Administrative Code shall constitute complete authority for the Departments to issue Revenue Bonds for purposes of Section 609(g) of the Charter. Neither the adoption of this Article 6.5 of the Administrative Code nor any provision thereof shall
(1) affect the validity of Revenue Bonds duly authorized and issued under the Charter prior to the adoption by the Council of this Article 6.5 of the Administrative Code (including, without limitation, a program of short term Revenue Bonds) or
(2) impair the ability of any Department to issue or deliver Revenue Bonds or take actions related thereto (including the delivery of short term Revenue Bonds for the purpose of paying short term Revenue Bonds under a program authorized pursuant to Clause (1) if such Revenue Bonds or the actions related thereto were authorized substantially in accordance with the procedures set forth in this Article 6.5 of the Administrative Code prior to the adoption by the Council of this Article 6.5 of the Administrative Code.
SECTION HISTORY
Added by Ord. No. 172,353, Eff. 1-30-99.
Amended by: Ord. No. 173,234, Eff. 6-19-00, Oper. 7-1-00; Ord. No. 173,306, Eff. 6-30-00, Oper. 7-1-00.