D.C. Mun. Regs. r. 27-848

Current through Register Vol. 71, No. 24, June 14, 2024

Rule 27-848 - EQUITY AND DEVELOPMENT REPORTS

848.1

Beneficiaries must submit quarterly reports to the Department regarding the fulfillment of the Equity Participation and Development Participation Program requirements on such forms as determined by the Department. The reports shall include, at a minimum, information regarding:

(a) Changes in ownership interest of the owners/partners;

(b) Additions or deletions of an owner/partner;

(c) Changes in the legal status of an existing owner/partner;

(d) Changes in the percentage of revenue distribution to an owner/partner; and

(e) Each Development Participant, their certified business enterprise ("CBE") certification number, a description and dates of the non-construction development good and service they provided, the contract amount, a copy of the executed contract, and any other information required by the Department.

848.2

Information provided under § 848.1(a)-(d) may be considered commercial or financial information which could result in substantial harm if disclosed to the competitive position of the provider of the information, and may be exempt from disclosure under Section 204(a)(1) of the District of Columbia Administrative Procedure Act, effective March 25, 1977 (D.C. Law 1-96; D.C. Official Code § 2-534(a)(1)).

D.C. Mun. Regs. r. 27-848

Final Rulemaking published at 56 DCR 8439 (October 23, 2009), incorporating by reference text of Proposed Rulemaking published at 56 DCR 5622, 5653 (July 10, 2009); amended by Final Rulemaking published at 70 DCR 10970 (8/11/2023)

Authority: Section 2372 of the Small, Local, and Disadvantaged Business Enterprise Development and Assistance Act of 2005 (Act), effective October 20, 2005 (D.C. Law 16-33; D.C. Official Code § 2-218.72 )(2009 Supp.) and Mayor's Order 2009-58, dated April 15, 2009.