The Office shall be funded by a variety of sources currently available or potentially available in the future, including, but not limited to, federal loans and grant funds, community development block grant funds, District of Columbia government appropriated or borrowed funds, and private endowments. Sources of funding for the Office shall include no less than $300,000 in community development block grant funds conditionally approved by the United States Department of Housing and Urban Development for business and economic development programs, pursuant to the Department's approval on June 24, 1975 of the District of Columbia "Application for Federal Assistance for a Community Development Block Grant Program--1975."
Prior Codifications 1981 Ed., § 1-2205. 1973 Ed., § 1-1355. Legislative History of Laws For legislative history of D.C. Law 1-97, see Historical and Statutory Notes following § 2-1201.01. Law 8-159 was introduced in Council and assigned Bill No. 8-579. The Bill was adopted on first and second readings on May 15, 1990, and May 29, 1990, respectively. Approved without the signature of the Mayor on June 20, 1990, it was assigned Act No. 8-221 and transmitted to both Houses of Congress for its review. Law 9-73 was introduced in Council and assigned Bill No. 9-352. The Bill was adopted on first and second readings on November 5, 1991, and December 3, 1991, respectively. Signed by the Mayor on December 20, 1991, it was assigned Act No. 9-125 and transmitted to both Houses of Congress for its review. Transfer of Functions See Historical and Statutory Notes following § 2-1201.02. Miscellaneous Notes Office of Business and Economic Development abolished: See Historical and Statutory Notes following § 2-1201.02. DC CODE § 2-1201.05 Current through December 11, 2012
(Mar. 29, 1977, D.C. Law 1-97, § 6, 23 DCR 9532b.)