Code of the District of Columbia

§ 2–281.06. Recovery of District grant.

*NOTE: This section includes amendments by emergency legislation that will expire on August 1, 2021. To view the text of this section after the expiration of the emergency legislation, click this link: Permanent Version.*

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; May 3, 2021, D.C. Act 24-61, § 2(e), 68 DCR 004821.)

Emergency Legislation

For temporary (90 days) creation 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).