During each fiscal year of participation, financial institutions shall submit quarterly reports and a comprehensive annual report to the Mayor for the year. The reports shall:
(1) Provide information regarding outstanding capital access loans, capital access loan losses, and any other information on capital access loans that the Mayor considers appropriate;
(2) State the total amount of loans for which the financial institution has made a contribution from the fund under this subchapter;
(3) Include a copy of the financial institution’s most recent financial statement; and
(4) Include information regarding the type and size of businesses and nonprofit organizations with enrolled loans.
(Mar. 12, 2011, D.C. Law 18-322, § 10, 57 DCR 12442.)
For temporary (90 day) addition of section, see § 10 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 § 10 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