D.C. Mun. Regs. r. 27-899
The definitions set forth in the Act are incorporated by reference into this chapter. As used in this chapter, the following words and phrases shall have the meanings ascribed:
Act - the Small and Certified Business Enterprise Development and Assistance Act of 2005, effective October 20, 2005 (D.C. Law 16-33; D.C. Official Code § 2-218.01).
Application date - the date on which the Department receives an application.
Certificate - a letter issued by the Department indicating that a firm is a business enterprise or joint venture certified pursuant to Part D of the Act (D.C. Official Code § 2-218.31 et seq.).
Contractor - any natural person or business organization, such as a corporation, partnership, joint venture, limited liability company, or similar enterprise thatenters into a contract with the District, a public employee, or private developer to provide goods or services.
Construction - the building, alteration, repair, or improvement of real property. This term does not include the operation or routine maintenance of real property.
Covered Project - any development project conducted pursuant to a disposition under Section 1 of An Act Authorizing the sale of certain real estate in the District of Columbia no longer required for public purposes, approved August 5, 1939 (53 Stat. 1211; D.C. Official Code § 10-801).
Day - a calendar day.
Development Participant - a small business enterprise ("SBE") or certified business enterprise ("CBE") that participates in one or more phases of project development in a Covered Project in accordance with Section 2349a(b) of the Act (D.C. Official Code § 2-218.49 a(b)).
Development Participation - participation on a Covered Project performed by a small business enterprise ("SBE") or certified business enterprise ("CBE") in accordance with Section 2349a(b) of the Act (D.C. Official Code § 2-218.49 a(b)).
Development Project -
Eligible Recipient - a business enterprise as defined in Section 2375(a)(1) of the Act (D.C. Official Code § 2-218.75(a)(1)).
Entity - an organization, including a corporation, partnership, limited liability company, sole proprietor, or trust.
Equity Participant - a small investor, disadvantaged investor, or certified equity participant that, in accordance with the Act, provides capital or other monetarily valued services in exchange for an ownership interest in a Covered Project.
Equity Participation - an ownership interest acquired by an Equity Participant in a Covered Project.
Fiscal year - October 1 of each year through September 30 of the following year.
Fixed Assets - Any long-term item of economic value owned by an individual or corporation, especially that which could be converted to cash, that the owner does not expect to convert into cash in less than one year. Examples are buildings, office equipment (not supplies), vehicles, computers, and other property.
Good Faith Efforts - a bidder/offeror's unsuccessful actions to meet established goals, including all necessary and reasonable steps taken, such as conducting market research, strategic outreach, advertisements, and contacting the Department's Business Opportunities Division for assistance.
Grant - a public subsidy for which the District does not anticipate repayment, such as a cash contribution, tax increment financing, payment in lieu of taxes, or similar programs or agreements. A grant shall not include a public contribution for which the District anticipates repayment, such as a loan.
Legal Holiday - a public holiday observed by the District of Columbia, on which the District of Columbia government is closed.
Principal Office - a business's corporate headquarters where the central operational, financial, and recordkeeping functions of the business occur.
Respondent - an applicant for or holder of a certificate against whom a denial or adverse action is proposed or taken.
Site Visit - an announced or unannounced, on-site, comprehensive review of a business operation to determine compliance or continued eligibility for certification as a local business enterprise.
Sponsor Equity - the equity that is intended to be contributed by the non-institutional investors or by the private developer, excluding debt financing, mezzanine financing, or other equity contributions by limited or institutional investors.
Sponsor Entity - an individual or an entity with the day-to-day responsibilities for a development project (e.g., a Managing Member, or a General Partner).
Spot Check - an unannounced cursory, on-site inspection of a certified business enterprise ("CBE") headquarters to ensure continued compliance with eligibility requirements of the Act and these regulations.
D.C. Mun. Regs. r. 27-899