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Current through October 23, 2012
For the purposes of this part, the term:
(1) "Surplus bond funds" means proceeds from the District's bond issuances, including general obligation bonds and income tax secured revenue bonds that are designated to fund certain capital projects and which:
(A) Remain available after the authorized project has been completed or the funds no longer considered necessary;
(B) For a project with a balance of more than $250,000, no funds have been expended or encumbered for 3 consecutive years, and the agency has not notified the Chief Financial Officer within 30 days of the end of the 3-year period that the agency intends to use the funds to implement the project within 18 months; or
(C) For a project with a balance of $250,000 or less, no funds have been expended or encumbered for 3 consecutive years.
(2) "Surplus non-bond funds" means funds from sources other than proceeds from the District's bond issuances designated to fund certain capital projects and which:
(A) Remain available after the authorized project has been completed or the funds no longer considered necessary;
(B) For a project with a balance of more than $250,000, no funds have been expended or encumbered for 3 consecutive years, and the agency has not notified the Chief Financial Officer within 30 days of the end of the 3-year period that the agency intends to use the funds to implement the project within 18 months; or
(C) For a project with a balance of $250,000 or less, no funds have been expended or encumbered for 3 consecutive years.
(Mar. 3, 2010, D.C. Law 18-111, § 1261, 57 DCR 181.)
HISTORICAL AND STATUTORY NOTES
Emergency Act Amendments
For temporary (90 day) addition, see § 1041 of Fiscal Year 2010 Budget Support Emergency Act of 2009 (D.C. Act 18-187, August 26, 2009, 56 DCR 7374).
For temporary (90 day) addition, see § 1261 of Fiscal Year 2010 Budget Support Second Emergency Act of 2009 (D.C. Act 18-207, October 15, 2009, 56 DCR 8234).
For temporary (90 day) addition, see § 1261 of Fiscal Year Budget Support Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-260, January 4, 2010, 57 DCR 345).
Legislative History of Laws
Law 18-111, the "Fiscal Year 2010 Budget Support Act of 2009", was introduced in Council and assigned Bill No. 18-203, which was referred to the Committee on the Whole. The bill was adopted on first and second readings on May 12, 2009, and September 22, 2009, respectively. Signed by the Mayor on December 18, 2009, it was assigned Act No. 18-255 and transmitted to both Houses of Congress for its review. D.C. Law 18-111 became effective on March 3, 2010.
Miscellaneous Notes
Short title: Section 1260 of D.C. Law 18-111 provided that subtitle AA of title I of the act may be cited as the "Capital Project Support Fund Establishment Act of 2009".
Short title: Section 1290 of D.C. Law 18-111 provided that subtitle DD of title I of the act may be cited as the "DCPL Capital Project Fund Designation Act of 2009".
Section 1291 of D.C. Law 18-111 provides:
"Sec. 1291. District of Columbia Public Library capital funds.
"All capital funds for the District of Columbia Public Library shall be separated by individual library project with available balances for each project and funding priority shall be given to wards where no renovation project exceeding $2.5 million in value has been undertaken since fiscal year 2006."
