Sec. 107. SUSPENSION OF ACTIVITIES
227 words·~1 min read·
/statute-compilations/comps-708/sec-107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 107 SUSPENSION OF ACTIVITIES ###
(a)Suspension Upon Payment of Authority Obligations ####
(1)In general Upon the expiration of the 12-month period which begins on the date that the Authority certifies that all obligations arising from the issuance by the Authority of bonds, notes, or other obligations pursuant to subtitle B of title II have been discharged, and that all borrowings by or on behalf of the District of Columbia pursuant to title VI of the District of Columbia Revenue Act of 1939 (sec. 47–3401, D.C. Code) have been repaid, the Authority shall suspend any activities carried out under this Act and the terms of the members of the Authority shall expire. ####
(2)No suspension during control year The Authority may not suspend its activities pursuant to paragraph
(1)at any time during a control year. ###
(b)Reactivation Upon Initiation of Control Period Upon receiving notice from the Chairs of the Appropriations Committees of the House of Representatives and the Senate that a control period has been initiated (as described in section 209) at any time after the Authority suspends its activities under subsection (a), the President shall appoint members of the Authority, and the Authority shall carry out activities under this Act, in the same manner as the President appointed members and the Authority carried out activities prior to such suspension.