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Chairman Phil Mendelson 2
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A BILL 9
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IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 13
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To authorize, on a temporary basis, the Deputy Mayor for Planning and Economic Development 17
to provide grant funding to a technology incubator in the District. 18
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BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 20
act may be cited as the “Deputy Mayor for Planning and Economic Development Technology 21
Incubator Grant Temporary Act of 2024”. 22
Sec. 2. Section 2032 of the Deputy Mayor for Planning and Economic Development 23
Limited Grant- Making Authority Act of 2012, effective September 20, 2012 (D.C. Law 19- 168; 24
D.C. Official Code § 1-328.04), is amended by adding a new subsection (jj) to read as follows: 25
“(jj) Notwithstanding the Grant Administration Act of 2013, effective December 24, 2013 26
(D.C. Law 20- 61; D.C. Official Code § 1- 328.11 et seq .): 27
(1) In Fiscal Year 2024, the Deputy Mayor shall award a grant of $500,000 to 28
Capital Factory for the purpose of supporting a technology incubator in the District; and 29
(2) In Fiscal Year 2025, the Deputy Mayor shall award a grant of $1,500,000 000 30
to Capital Factory for the purpose of supporting a technology incubator in the District.”. 31
Sec. 3. Fiscal impact statement. 32 2
The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 33
statement required by section 4a of the General Legislative Procedures Act of 1975, approved 34
October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1- 301.47a). 35
Sec. 4. Effective date. 36
(a) This act shall take effect after approval by the Mayor (or in the event of veto by the 37
Mayor, action by the Council to override the veto), a 30- day period of congressional review as 38
provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 39
24, 1973 (87 Stat. 813; D.C. Official Code § 1- 206.02(c)(1)), and publication in the District of 40
Columbia Register. 41
(b) This act shall expire after 225 days of its having taken effect. 42