(a) There is established the Capital Access Program, to be administered by the Mayor, to assist financial institutions in making loans to businesses and nonprofit organizations that face barriers in accessing capital.
(b) The Mayor shall determine the eligibility of a financial institution to participate in the program and, by rule, may set a limit on the number of financial institutions that may participate in the program.
(Mar. 12, 2011, D.C. Law 18-322, § 4, 57 DCR 12442.)
For temporary (90 day) addition of section, see § 4 of Capital Access Program Emergency Act of 2010 (D.C. Act 18-598, November 17, 2010, 57 DCR 11018).
For temporary (90 day) addition of section, see § 4 of Capital Access Program Congressional Review Emergency Act of 2011 (D.C. Act 19-6, February 11, 2011, 58 DCR 1408).
Structure District of Columbia Code
Title 2 - Government Administration
Chapter 12 - Business and Economic Development
Subchapter V-A - Access to Capital for Businesses and Nonprofit Organizations
§ 2–1210.02. Establishment of the Capital Access Fund
§ 2–1210.03. Capital Access Program establishment
§ 2–1210.05. Provisions relating to capital access loans
§ 2–1210.07. Limitations on District’s contribution to reserve account
§ 2–1210.08. District’s rights with respect to reserve accounts
§ 2–1210.09. Quarterly and annual reports
§ 2–1210.10. Reports and audits