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District Of Columbia Council Bill B25-0643

District Of Columbia 2023-2024 Regular Session

District Of Columbia Council Bill B25-0643 Compare Versions

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1- ENROLLED ORIGINAL
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61 1
7-AN ACT
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9-_________________
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11-IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
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13-_________________________
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16-To declare the existence of an emergency, due to congressional review, and to clarify, on an
17-emergency basis, the Department of Small and Local Business Development’s authority
18-to issue grants to eligible entrepreneurs and for-profit businesses in Ward 8.
19-
20-BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA , That this
21- act may be cited as the “Ward 8 Community Investment Fund Clarification Congressional
22-Review Emergency Act of 2024”.
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24-Sec. 2. (a) Notwithstanding section 1094 of the Grant Administration Act of 2013,
25-effective December 24, 2013 (D.C. Law 20-61; D.C. Official Code § 1-328.13), in Fiscal Year
26-2024 and each subsequent fiscal year, the Department of Small and Local Business Development
27-shall issue a grant in the amount appropriated for the Ward 8 Community Investment Fund to the
28-DC Community Development Consortium Institute to provide grants or microloans to eligible
29-entrepreneurs and businesses seeking to establish or sustain for-profit businesses in Ward 8.
30- (b) The following persons and entities shall be eligible to receive grants in the specified
31-amounts:
32- (1) Small grants and microloans of up to $5,000 in total to Ward 8 residents for
33-costs related to starting a business in Ward 8. Startup costs include business licensing and other
34-fees required to incorporate a for-profit business in the District, insurance required by District or
35-federal laws or regulations, and pre-operating costs;
36- (2) Grants and microloans not to exceed $10,000 in total to support small
37-businesses owned by Ward 8 residents operating in Ward 8 for at least 1 year prior to being
38-awarded the grant or microloan; and
39- (3) Grants and microloans not to exceed $20,000 total to support small Ward 8
40-businesses owned by Ward 8 residents operating in Ward 8 for at least 3 years prior to being
41-awarded the grant or microloan.
42- (c) The DC Community Development Consortium Institute may use up to 20% of the
43-total annual grant amount to support operating costs, and to provide technical assistance to,
44-eligible applicants and grantees.
45- (d) The DC Community Development Consortium Institute shall submit a quarterly
46-report to the Department of Small and Local Business Development detailing: ENROLLED ORIGINAL
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52- (1) The number of applications received;
53- (2) The number of grants issued;
54- (3) The amount of money issued per grant; and
55- (4) A list of entrepreneurs and businesses who were awarded grants in the past
56-quarter, a description of the business or business proposal, and a copy of each grant-winning
57-application and supporting materials.
58- (e) The DC Community Development Consortium Institute shall
59-give Ward 8 residents control over the deployment of capital received from the grant
60-through a grant-review committee comprised of 7 Ward 8 residents
61-selected annually through an open application process. The DC Community Development
62-Consortium Institute shall establish procedures to identify and eliminate conflicts of
63-interest with potential recipients through the grant-review committee and provide
64- technical and administrative support to the grant-review committee, as necessary.
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66- Sec. 3. Applicability.
67- This act shall apply as of January 24, 2024.
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69- Sec. 4. Fiscal impact statement.
70- The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact
71-statement required by section 4a of the General Legislative Procedures Act of 1975, approved
72-October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1 301.47a).
73-
74- Sec. 5. Effective date.
75- This act shall take effect following approval by the Mayor (or in the event of veto by the
76-Mayor, action by the Council to override the veto), and shall remain in effect for no longer than
77-90 days, as provided for emergency acts of the Council of the District of Columbia in section
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2+ ___________________________ 1
3+ Councilmember Trayon White Sr. 2
964 3
97-412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788;
98-D.C. Official Code § 1-204.12(a)).
99-
100-
101-
102-______________________________
103-Chairman
104-Council of the District of Columbia
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109-_________________________________
110-Mayor
111-District of Columbia
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5+ 4
6+A BILL 5
7+ 6
8+_________________ 7
9+ 8
10+IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 9
11+ 10
12+______________ 11
13+ 12
14+To declare the existence of an emergency, due to congressional review, and to clarify, on an 13
15+ emergency basis, the Department of Small and Local Business Development’s authority 14
16+ to issue grants to eligible entrepreneurs and for-profit businesses in Ward 8. 15
17+BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA , That this 16
18+ act may be cited as the “Ward 8 Community Investment Fund Clarification Congressional 17
19+Review Emergency Act of 2024”. 18
20+Sec. 2. (a) Notwithstanding section 1094 of the Grant Administration Act of 2013, 19
21+effective December 24, 2013 (D.C. Law 20-61; D.C. Official Code § 1-328.11 et seq.), in Fiscal 20
22+Year 2024 and each subsequent fiscal year, the Department of Small and Local Business 21
23+Development shall issue a grant in the amount appropriated for the Ward 8 Community 22
24+Investment Fund to the DC Community Development Consortium Institute to provide grants or 23
25+microloans, to eligible entrepreneurs and businesses seeking to establish or sustain for-profit 24
26+businesses in Ward 8. 25
27+ (b) The following persons and entities are eligible to receive grants in the specified 26
28+amounts: 27
29+ (1) Small grants and microloans of up to $5,000 in total to Ward 8 residents for 28
30+costs related to starting a business in Ward 8. Startup costs include business licensing and other 29 2
31+fees required to incorporate a for-profit business in the District, insurance required by District or 30
32+federal laws or regulations, and pre-operating costs; 31
33+ (2) Grants and microloans not to exceed $10,000 in total to support small 32
34+businesses owned by Ward 8 residents operating in Ward 8 for at least 1 year prior to being 33
35+awarded the grant or microloan; and 34
36+ (3) Grants and microloans not to exceed $20,000 total to support small Ward 8 35
37+businesses owned by Ward 8 residents operating in Ward 8 for at least 3 years prior to being 36
38+awarded the grant or microloan. 37
39+ (c) The DC Community Development Consortium Institute may use up to 20% of the 38
40+total annual grant amount to support operating costs and to provide technical assistance to, 39
41+eligible applicants and grantees. 40
42+ (d) The DC Community Development Consortium Institute shall submit a quarterly 41
43+report to the Department of Small and Local Business Development detailing: 42
44+ (1) The number of applications received; 43
45+ (2) The number of grants issued; 44
46+ (3) The amount of money issued per grant; and 45
47+ (4) A list of entrepreneurs and businesses who were awarded grants in the 46
48+past quarter, a description of the business or business proposal, and a copy of each grant-winning 47
49+application and supporting materials. 48
50+ (e) The DC Community Development Consortium Institute shall 49
51+give Ward 8 residents control over the deployment of capital received from the grant 50
52+through a grant-review committee comprised of seven (7) Ward 8 residents 51
53+selected annually through an open application process. The DC Community Development 52
54+Consortium Institute shall establish procedures to identify and eliminate conflicts of 53 3
55+interest with potential recipients through the grant-review committee, and provide 54
56+ technical and administrative support to the grant-review committee, as necessary. 55
57+ Sec. 3. Fiscal impact. 56
58+ The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 57
59+statement required by section 4a of the General Legislative Procedures Act of 1975, approved 58
60+October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1 301.47a). 59
61+ Sec. 3. Fiscal impact. 60
62+ The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 61
63+statement required by section 4a of the General Legislative Procedures Act of 1975, approved 62
64+October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1 301.47a). 63
65+ Sec. 4. Effective date. 64
66+ This act shall take effect following approval by the Mayor (or in the event of veto by the 65
67+Mayor, action by the Council to override the veto), and shall remain in effect for no longer than 66
68+90 days, as provided for emergency acts of the Council of the District of Columbia in section 67
69+412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788; 68
70+D.C. Official Code § 1-204.12(a)). 69
71+ 70