A Fund Manager shall submit to the Mayor, on a quarterly basis, a report on the activities of the Fund. The report shall include, at a minimum:
(1) The aggregate amount of dollars invested in eligible businesses during the reporting period;
(2) The number of eligible businesses receiving an investment, including the name and business address for each;
(3) A copy of the individualized business plan for each eligible business, including a description of the technical assistance training provided; and
(4) The aggregate amount of funds in the Fund and a breakdown of the amount of the funds in the Fund used for each of the following, with each amount reported as a percentage of the aggregate amount of the Fund:
(A) The percentage used for technical training assistance;
(B) The percentage used for administration costs; and
(C) The percentage used to compensate the Fund Manager.
(Dec. 3, 2020, D.C. Law 23-149, § 2166, 67 DCR 10493; Nov. 13, 2021, D.C. Law 24-45, § 2202(e), 68 DCR 010163.)
Structure District of Columbia Code