Recovery of District grant

  1. Law
  2. District of Columbia Code
  3. Government Administration
  4. Equitable Impact Assistance for Local Businesses
  5. Recovery of District grant

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*NOTE: This section has been amended by emergency legislation with identical permanent legislation that will become effective in January, 2022.*

The Mayor shall reserve the right to recover the amount of the District's initial grant or any subsequent grant of funds to the Fund Manager for deposit into the Fund and may exercise this right if the Fund Manager does not, within a reasonable period, as determined by the Mayor, place investments into eligible businesses in an amount equal to the amount of the District's initial investment or any subsequent grant of funds to the Fund Manager for deposit into the Fund.

(Dec. 3, 2020, D.C. Law 23-149, § 2167, 67 DCR 10493; July 28, 2021, D.C. Law 24-11, § 2(e), 68 DCR 005829; Aug. 23, 2021, D.C. Act 24-159, § 2202(f), 68 DCR 008602.)

Emergency Legislation

For temporary (90 days) amendment of this section, see § 2(e) of Equitable Impact Assistance for Local Businesses Emergency Amendment Act of 2021 (D.C. Act 24-61, May 3, 2021, 68 DCR 004821).

Temporary Legislation

For temporary (225 days) amendment of this section, see § 2(e) of Equitable Impact Assistance for Local Businesses Temporary Amendment Act of 2021 (D.C. Law 24-11, July 28, 2021, 68 DCR 005829).


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