D.C. Mun. Regs. tit. 10, r. 10-B5001

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 10-B5001 - ELIGIBILITY REQUIREMENTS

5001.1

Applications of exempt persons and non-exempt persons shall establish that the applicant or the facility, as the case may be, complies with the minimum requirements set forth in this section.

5001.2

The acquisition of the facility shall achieve one (1) or more of the objectives set forth in § 5000.6.

5001.3

The availability of bond financing shall constitute an inducement to the facility applicant to proceed with the acquisition of the facility; Provided, that this requirement shall not apply to any facility applicant who is an exempt person submitting an application requesting the issuance of an exempt purpose bond.

5001.4

Unless the bond act otherwise provides, compliance with the provisions of §§ 5001.5 and 5001.6 of this section may be assured through public benefit agreements between the District and the applicant, and where appropriate, the facility user(s).

5001.5

The facility applicant shall establish the following to the satisfaction of the Executive Branch:

(a) That the facility is economically and financially feasible and the facility applicant has the capacity to repay the indebtedness evidenced by the bonds; and

(b) That the applicant will take affirmative steps to open construction job opportunities to citizens and residents of the District and construction contracting opportunities to minority-owned District businesses.

5001.6

The facility applicant and the facility user(s) shall establish, to the satisfaction of the Executive Branch, that it or they shall take affirmative steps to do the following:

(a) To open permanent post-acquisition job opportunities to citizens and residents of the District; and

(b) To open post-acquisition business opportunities to minority-owned District businesses.

D.C. Mun. Regs. tit. 10, r. 10-B5001

Final Rulemaking published at 30 DCR 4905, 4911 (September 23, 1983)