Page:United States Statutes at Large Volume 95.djvu/1520

 95 STAT. 1494

PUBLIC LAW 97-105—DEC. 23, 1981 "CONTENTS OF BORROWING LEGISLATION AND ELECTIONS ON ISSUING GENERAL OBLIGATION BONDS";

(2) by inserting "(a)" after "SEC. 462."; (3) in paragraph (6)— (A) by striking out the comma which appears after "discretion"; and (B) by inserting "the date of such election," after "holding such election,"; and (4) by adding after paragraph (6) the following new subsections: "(b) Any election held on the question of issuing general obligation bonds must be held before the act authorizing the issuance of such bonds is transmitted to the Speaker of the House of Representatives DC. Code 1-147. gn^ the President of the Senate pursuant to section 602(c). "(c) Notwithstanding section 602(c)(l), the provisions required by paragraph (6) of subsection (a) to be included in any act authorizing the issuance of general obligation bonds shall take effect on the date of the enactment of such act.". SEC. 6. Section 463 of the District of Columbia Self-Government and Governmental Reomanization Act (D.C. Code, sec. 47-243) is amended to read as follows: "PUBLICATION OF BORROWING LEGISLATION

D.C. Code 47-242.

"SEC. 463. (a) After each act of the Council of the District under section 462(a) authorizing the issuance of general obligation bonds has taken effect, the Mayor shall publish such act at least once in at least one newspaper of general circulation within the District together with a notice that such act has taken effect. Each such notice shall be in substantially the following form: "'NOTICE "'The following act of the Council of the District of Columbia (published with this notice) authorizing the issuance of general obligation bonds has taken effect. As provided in the District of Columbia Self-Government and Governmental Reorganization Act, the time within which a suit, action, or proceeding questioning the validity of such bonds may be commenced expires at the end of the twenty-day period beginning on the date of the first publication of this notice. <( < _^__ "'Mayor.' "(b) Neither the failure to publish the notice provided for in subsection (a) nor any error in any publication of such notice shall impair the effectiveness of the act of the Council authorizing the issuance of such bonds or the validity of any bond issued pursuant to such act.". SEC. 7. Section 464 of the District of Columbia Self-Government and Governmental Reoi^anization Act (D.C. Code, sec. 47-244) is amended to read as follows: "SHORT PERIOD OF LIMITATION

Supra.

"SEC. 464. (a) At the end of the twenty-day period beginning on the date of the first publication pursuant to section 463(a) of the notice that an act authorizing the issuance of general obligation bonds has taken effect—

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