D.C. Mun. Regs. tit. 10, r. 10-B3905
Each fiscal year, the following persons shall make recommendations to the Mayor:
After reviewing the recommendations, the Mayor shall make a determination of the amounts of revenue to be forgiven and deferred, and shall include such amounts in the appropriate sections of the District's annual budget.
The amounts determined each fiscal year through the budget process shall be the maximum amounts of indebtedness to be forgiven or deferred during any given fiscal year for projects certified by DHCD as eligible for forgiveness or deferral. The amounts determined shall be known as the "annual debt deferral ceiling" and the "annual debt forgiveness ceiling."
Projects meeting the criteria for forgiveness or deferral in § 3904 of this chapter shall be certified by DHCD as eligible for forgiveness or deferral, up to the annual debt forgiveness ceiling or the annual debt deferral ceiling.
Eligible projects which would bring the total debt forgiven or deferred for that fiscal year above the annual debt forgiveness ceiling or the annual debt deferral ceiling, shall be issued a preliminary certificate of forgiveness or deferral by DHCD.
All applicants of projects with preliminary certificates of forgiveness or deferral which are submitted with a new request for forgiveness or deferral within the first thirty (30) calendar days of the next fiscal year following issuance shall receive priority consideration. If DHCD review indicates these projects are still eligible, they shall receive the first allocations of forgiveness and deferral of indebtedness available in the new fiscal year, with priority given in chronological order, based on the date of issuance of their preliminary certificate of forgiveness or deferral.
Projects with preliminary certificates submitted after the first thirty (30) calendar days of a new fiscal year shall be treated on the same basis as other projects submitted that fiscal year.
D.C. Mun. Regs. tit. 10, r. 10-B3905