Investor Presentaiton

District GO Bonds - Unique Credit Strengths Unlimited Pledge and the Pledge of a Specified Tax • Special Real Property Tax -portion of real property tax revenue applied to the payment of debt service on GO bonds: • The District irrevocably pledges its rights, title and interest in the Special Real ● Property Tax to the payment of the bonds Perfected security interest in the Special Real Property Tax receipts Third Party Collection and Segregation of Funds for Debt Service • Set aside Special Real Property Tax revenues in a segregated debt service fund • Collection Agent collects all property taxes and segregates and transfers Special Real Property Tax revenues to the Custodian: . • Custodian transfers necessary amounts for GO debt service to the Escrow Agent on a weekly basis • Funds cannot be released from the Special Tax Fund until GO bond debt service has been paid or provided for Other Funds Available to Extent of Shortfall • In the unlikely event of a shortfall in Special Real Property Tax receipts, the District is obligated to pay debt service on GO bonds from any legally available funds: • Not subject to appropriation District of Columbia 29

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