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Current through October 23, 2012
(a) Each district agency shall file with the Mayor and the Chief Financial Officer a detailed report on any interest penalty payments made pursuant to this subchapter during the preceding fiscal year.
(b) The report shall include the numbers, amounts, and frequency of interest penalty payments, and the reasons the payments were not avoided by prompt payment, and shall be delivered to the Mayor and the Chief Financial Officer within 60 days after the conclusion of each fiscal year.
(c) The Chief Financial Officer shall submit to the Mayor and the Council within 120 days after the conclusion of each fiscal year a report on District agency compliance with the requirements of this subchapter. The report shall include a summary of the report submitted by each District agency pursuant to this section and an analysis of the progress made in reducing interest penalty payments by that agency from previous years.
(Mar. 15, 1985, D.C. Law 5-164, § 6, 32 DCR 555; Apr. 12, 1997, D.C. Law 11-259, § 307(b), 44 DCR 1423; Oct. 22, 2009, D.C. Law 18-61, § 2, 56 DCR 6597.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 1-1175.
Effect of Amendments
D.C. Law 18-61, in subsecs. (a), (b), and (c), substituted "Chief Financial Officer" for "Director of the Office of Contracting and Procurement".
Legislative History of Laws
For legislative history of D.C. Law 5-164, see Historical and Statutory Notes following § 2-221.01.
For legislative history of D.C. Law 11-259, see Historical and Statutory Notes following § 2-213.02.
Law 18-61, the "Quick Payment Amendment Act of 2009", as introduced in Council and assigned Bill No. 18-1, which was referred to the Committee on Government Operations and the Environment. The Bill was adopted on first and second readings on June 30, 2009, and July 14, 2009, respectively. Signed by the Mayor on July 28, 2009, it was assigned Act No. 18-157 and transmitted to both Houses of Congress for its review. D.C. Law 18-61 became effective on October 22, 2009.
