Page:United States Statutes at Large Volume 95.djvu/1527

 PUBLIC LAW 97-105—DEC. 23, 1981

95 STAT. 1501

of any revenue bond, note, or other obligation issued under subsection (a)(l); "(2) any amount obligated or expended for the payment of the principal of, interest on, or any premium for any revenue bond, note, or other obligation issued under subsection (a)(l); and "(3) any amount obligated or expended to secure any revenue bond, note, or other obligation issued under subsection (aKl)."; and (5) by striking out paragraph (3) of subsection (g) and inserting in lieu thereof the following new paragraph: "(3) The fourth sentence of section 446 shall not apply to— "(A) any amount (including the amount of any accrued interest or premium) obligated or expended from the proceeds of the sale of any revenue bond, note, or other obligation issued under subsection (gKl); "(B) any amount obligated or expended for the payment of the principal of, interest on, or any premium for any revenue bond, note, or other obligation issued under subsection (gKl); and "(C) any amount obligated or expended to secure any revenue bond, note, or other obligation issued under subsection (gKl).". SEC. 17. Section 602(cKl) of the District of Columbia Self-Government and Governmental Reorganization Act (D.C. Code, sec. l-147(cKl)) is amended in the first sentence by inserting "and except as provided in section 462(c) and section 472(d)(l)" after "title IV of f «^„^' P 1494, thisAct". 1'^^ SEC. 18. The table of contents of the District of Columbia SelfGovernment and Governmental Reorganization Act is amended— D.c. Code 1-121. (1) by striking out the item relating to section 462 and inserting in lieu thereof the following new item: "Sec. 462. Contents of borrowing legislation and elections on issuing general obligation bonds.";

(2) by striking out the item relating to section 465 and inserting in lieu thereof the following new item: "Sec. 465. Issuance of general obligation bonds.";

(3) by striking out the item relating to section 466 and inserting in lieu thereof the following new item: "Sec. 466. Public or private sale.";

(4) by inserting after the item relating to section 466 the following new item: "Sec 467. Authority to create security interests in District revenues.";

(5) by inserting after the item relating to section 481 the following new items: "Sec 482. Full faith and credit of the District. "Sec. 483. Payment of general obligation bonds and notes.";

(6) by redesi^ating subpart 4 of part E as subpart 5; and (7) by inserting after the item relating to section 483 the following new item: "Subpart 4—Full Faith and Credit of the United States

"Sec. 484. Full faith and credit of the United States not pledged".

SEC. 19. (a) Except as provided in subsection (b), this Act shall take Effective date. effect on the date of the enactment of this Act.

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