In the case of the District of Columbia Enterprise Zone, subparagraph (A) of section 1394 (c)(1) (relating to limitation on amount of bonds) shall be applied by substituting “$15,000,000” for “$3,000,000” and section 1394 (b)(3)(B)(iii) shall be applied without regard to the employee residency requirement.

This section shall apply to bonds issued during the period beginning on January 1, 1998, and ending on December 31, 2005.