Code of the District of Columbia

§ 34–2202.20. No inurement to private persons; exemption from District taxation.

(a) All rights, property and assets of the Authority shall transfer automatically to the District government upon dissolution of the Authority.

(b) None of the property, assets or earnings of the Authority shall inure to any private person or entity.

(c) The Authority, its income, property, and transactions shall be exempt from District taxes.