District Of Columbia 2023-2024 Regular Session

District Of Columbia Council Bill B25-0498 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
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	1	+	ENGROSSED ORIGINAL
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7		-	AN ACT
8		-
9		-	____________
10		-
11		-	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
12		-
13		-	_________________________
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15		-
16		-	To clarify, on a temporary basis, the Department of Small and Local Business Development’s
17		-	authority to issue grants to eligible entrepreneurs and for-profit businesses in Ward 8.
18		-	BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA , That this
19		-	act may be cited as the “Ward 8 Community Investment Fund Temporary Clarification Act of
20		-	2023”.
21		-	Sec. 2. (a) Notwithstanding section 1094 of the Grant Administration Act of 2013,
22		-	effective December 24, 2013 (D.C. Law 20-61; D.C. Official Code § 1-328.13), in Fiscal Year
23		-	2024 and each subsequent fiscal year, the Department of Small and Local Business Development
24		-	shall issue a grant in the amount appropriated for the Ward 8 Community Investment Fund to the
25		-	DC Community Development Consortium Institute to provide grants or microloans to eligible
26		-	entrepreneurs and businesses seeking to establish or sustain for-profit businesses in Ward 8.
27		-	(b) The following persons and entities shall be eligible to receive grants in the specified
28		-	amounts:
29		-	(1) Small grants and microloans of up to $5,000 in total to Ward 8 residents for
30		-	costs related to starting a business in Ward 8. Startup costs include business licensing and other
31		-	fees required to incorporate a for-profit business in the District, insurance required by District or
32		-	federal laws or regulations, and pre-operating costs;
33		-	(2) Grants and microloans not to exceed $10,000 in total to support small
34		-	businesses owned by Ward 8 residents operating in Ward 8 for at least 1 year prior to being
35		-	awarded the grant or microloan; and
36		-	(3) Grants and microloans not to exceed $20,000 total to support small Ward 8
37		-	businesses owned by Ward 8 residents operating in Ward 8 for at least 3 years prior to being
38		-	awarded the grant or microloan.
39		-	(c) The DC Community Development Consortium Institute may use up to 20% of the
40		-	total annual grant amount to support operating costs and to provide technical assistance to,
41		-	eligible applicants and grantees.
42		-	(d) The DC Community Development Consortium Institute shall submit a quarterly
43		-	report to the Department of Small and Local Business Development detailing:
44		-	(1) The number of applications received;
45		-	(2) The number of grants issued; ENROLLED ORIGINAL
	7	+	A BILL 1
	8	+	2
	9	+	25-498 3
	10	+	4
	11	+	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 5
	12	+	6
	13	+	_________________________ 7
	14	+	8
	15	+	9
	16	+	To clarify, on a temporary basis, the Department of Small and Local Business Development’s 10
	17	+	authority to issue grants to eligible entrepreneurs and for-profit businesses in Ward 8. 11
	18	+	BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA , That this 12
	19	+	act may be cited as the “Ward 8 Community Investment Fund Temporary Clarification Act of 13
	20	+	2023”. 14
	21	+	Sec. 2. (a) Notwithstanding section 1094 of the Grant Administration Act of 2013, 15
	22	+	effective December 24, 2013 (D.C. Law 20-61; D.C. Official Code § 1-328.11 et seq.), in Fiscal 16
	23	+	Year 2024 and each subsequent fiscal year, the Department of Small and Local Business 17
	24	+	Development shall issue a grant in the amount appropriated for the Ward 8 Community 18
	25	+	Investment Fund to the DC Community Development Consortium Institute to provide grants or 19
	26	+	microloans, to eligible entrepreneurs and businesses seeking to establish or sustain for-profit 20
	27	+	businesses in Ward 8. 21
	28	+	(b) The following persons and entities are eligible to receive grants in the specified 22
	29	+	amounts: 23
	30	+	(1) Small grants and microloans of up to $5,000 in total to Ward 8 residents for 24
	31	+	costs related to starting a business in Ward 8. Startup costs include business licensing and other 25 ENGROSSED ORIGINAL
46	32
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48	34
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50	36		2
51		-	(3) The amount of money issued per grant; and
52		-	(4) A list of entrepreneurs and businesses who were awarded grants in the past
53		-	quarter, a description of the business or business proposal, and a copy of each grant-winning
54		-	application and supporting materials.
55		-	(e) The DC Community Development Consortium Institute shall give Ward 8 residents
56		-	control over the deployment of capital received from the grant through a grant-review committee
57		-	comprised of Ward 8 residents selected annually through an open application process. The DC
58		-	Community Development Consortium Institute shall establish procedures to identify and
59		-	eliminate conflicts of interest with potential recipients through the grant-review committee and
60		-	provide technical and administrative support to the grant-review committee, as necessary.
61		-	Sec. 3. Fiscal impact statement.
62		-	The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact
63		-	statement required by section 4a of the General Legislative Procedures Act of 1975, approved
64		-	October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1 301.47a).
65		-
66		-	Sec. 4. Effective date.
67		-	(a) This act shall take effect following approval by the Mayor (or in the event of veto by
68		-	the Mayor, action by the Council to override the veto), a 30-day period of congressional review
69		-	as provided in section 602(c)(2) of the District of Columbia Home Rule Act, approved December
70		-	24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(2)), and publication in the District of
71		-	Columbia Register.
72		-	(b) This act shall expire after 225 days of its having taken effect.
	37	+	fees required to incorporate a for-profit business in the District, insurance required by District or 26
	38	+	federal laws or regulations, and pre-operating costs; 27
	39	+	(2) Grants and microloans not to exceed $10,000 in total to support small 28
	40	+	businesses owned by Ward 8 residents operating in Ward 8 for at least 1 year prior to being 29
	41	+	awarded the grant or microloan; and 30
	42	+	(3) Grants and microloans not to exceed $20,000 total to support small Ward 8 31
	43	+	businesses owned by Ward 8 residents operating in Ward 8 for at least 3 years prior to being 32
	44	+	awarded the grant or microloan. 33
	45	+	(c) The DC Community Development Consortium Institute may use up to 20% of the 34
	46	+	total annual grant amount to support operating costs and to provide technical assistance to, 35
	47	+	eligible applicants and grantees. 36
	48	+	(d) The DC Community Development Consortium Institute shall submit a quarterly 37
	49	+	report to the Department of Small and Local Business Development detailing: 38
	50	+	(1) The number of applications received; 39
	51	+	(2) The number of grants issued; 40
	52	+	(3) The amount of money issued per grant; and 41
	53	+	(4) A list of entrepreneurs and businesses who were awarded grants in the past 42
	54	+	quarter, a description of the business or business proposal, and a copy of each grant-winning 43
	55	+	application and supporting materials. 44 ENGROSSED ORIGINAL
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77		-	______________________________
78		-	Chairman
79		-	Council of the District of Columbia
80		-
81		-
82		-
83		-
84		-
85		-	_________________________________
86		-	Mayor
87		-	District of Columbia
88		-
	60	+	3
	61	+	(e) The DC Community Development Consortium Institute shall give Ward 8 residents 45
	62	+	control over the deployment of capital received from the grant through a grant-review committee 46
	63	+	comprised of nine (9) Ward 8 residents selected annually through an open application process. 47
	64	+	The DC Community Development Consortium Institute shall establish procedures to identify and 48
	65	+	eliminate conflicts of interest with potential recipients through the grant-review committee, and 49
	66	+	provide technical and administrative support to the grant-review committee, as necessary. 50
	67	+	Sec. 3. Fiscal impact. 51
	68	+	The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 52
	69	+	statement required by section 4a of the General Legislative Procedures Act of 1975, approved 53
	70	+	October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1 301.47a). 54
	71	+	Sec. 4. Effective date. 55
	72	+	(a) This act shall take effect following approval by the Mayor (or in the event of veto by 56
	73	+	the Mayor, action by the Council to override the veto), a 30-day period of congressional review 57
	74	+	as provided in section 602(c)(2) of the District of Columbia Home Rule Act, approved December 58
	75	+	24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(2)), and publication in the District of 59
	76	+	Columbia Register. 60
	77	+	(b) This act shall expire after 225 days of its having taken effect. 61