J. MILLARD TAWES, Governor                       1399

317-20. Acquisition of Facilities from Federal or Other Agencies—

(a)    The Authority is authorized to acquire by purchase, lease
or grant or in any manner other than condemnation, from the
Federal Government, or any agency thereof, from the District of
Columbia, Maryland or Virginia, or any political subdivision or
agency thereof, any transit and related facilities, including real
and personal property and all other assets, located within the Zone,
whether in operation or under construction. Such acquisition shall
be made upon such terms and conditions as may be agreed upon
and subject to such authorization or approval by the Congress
and the governing body of the District of Columbia, as may be
required; provided, however, that if such acquisition imposes or
may impose any further or additional obligation or liability upon
the Washington Suburban Transit District, the Northern Virginia
Transportation District, or any component government thereof, under
any contract with the Authority, the Authority shall not make
such acquisition until any such affected contract has been appro-
priately amended.

(b)    For such purpose, the Authority is authorized to assume
all liabilities and contracts relating thereto, to assume responsibility
as primary obligor, endorser or guarantor on any outstanding
revenue bonds, equipment trust certificates or other form of indebted-
ness authorized in this Act issued by such predecessor agency or
agencies and, in connection therewith, to become a party to, and
assume the obligations of, any indenture or loan agreement under-
lying or issued in connection with any outstanding securities or
debts.

317-21. Temporary Borrowing—

The Board may borrow, in anticipation of receipts, from any
signatory, the Washington Suburban Transit District, the Northern
Virginia Transportation District, or any component government
thereof, or from any lending institution for any purposes of this
Title, including administrative expenses. Such loans shall be for
a term not to exceed two years and at a rate of interest not to
exceed six per cent per annum. The signatories and any such
political subdivision or agency may, in its discretion, make such
loans from any available money.

317-22. Funding—

The Board shall not construct or acquire any of the transit
facilities specified in a mass transit plan adopted pursuant to the
provisions of Article VI of this Title, or in any alteration, revision
or amendment thereof, nor make any commitments or incur any
obligations with respect thereto until funds are available therefor.

Article VIII

Budget
217 23 317-23. Capital Budget—

The Board shall annually adopt a capital budget, including all
capital projects it proposes to undertake or continue during the budget
period, containing a statement of the estimated cost of each project
and the method of financing thereof.