District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 3 - Budget and Financial Management; Borrowing; Deposit of Funds

§ 47–305.02. Minimum funding for Office of Public Education Facilities Modernization’s capital budgets to be included in budget and financial plan. [Repealed] - Repealed. (June 8, 2006, D.C. Law 16-123, § 301(b), 53...

§ 47–306. Submission and approval of gross planning budget - Pursuant to §§ 1-204.48(a)(3) and 1-206.03(c) and (d), the Mayor...

§ 47–307. Submission of control budget - (a) Within 14 days of Congressional approval of the appropriated...

§ 47–308. Establishment of budget structure - (a) Within 30 days of the Mayor’s first call with...

§ 47–308.01. Performance-based budget - (a) For purposes of this section, the term: (1) “Activity”...

§ 47–308.02. Relevant performance measures - (a) Each relevant performance measure must be linked to spending...

§ 47–308.03. Performance accountability reporting - (a) By September 30, 2005, the Mayor shall ensure that...

§ 47–308.04. Replacement schedule for capital assets - The Chief Financial Officer of the District of Columbia shall...

§ 47–309. Borrowing of funds by Mayor - The Mayor is authorized to borrow funds from the United...

§ 47–310. Master capital projects - (a) For any master capital project that is included in...

§ 47–310.01. Financial Reports by Mayor - (a) Submission of quarterly financial reports. — Not later than...

§ 47–310.02. Schedule and notice requirement for completion of Annual Comprehensive Financial Report - Each year in connection with preparation of the February 1...

§ 47–311. Estimate of expenditures by Mayor - The Mayor shall, within 10 days of receipt of a...

§ 47–313.01. Source of payment for employees detailed within government - For purposes of determining the amount of funds expended by...

§ 47–314. Office of Financial Management established [Repealed] - Repealed. (April 17, 1995, 109 Stat. 97, Pub. L. 104-8,...

§ 47–315. Duties and responsibilities of Assistant City Administrator for Financial Management and Treasurer [Repealed] - Repealed. (April 17, 1995, 109 Stat. 97, Pub. L. 104-8,...

§ 47–316. Transfer of powers, duties and functions to Treasurer [Repealed] - Repealed. (April 17, 1995, 109 Stat. 97, Pub. L. 104-8,...

§ 47–317. Transfer of resources to Office [Repealed] - Repealed. (April 17, 1995, 109 Stat. 97, Pub. L. 104-8,...

Subchapter I-A - Chief Financial Officer of the District of Columbia

§ 47–317.03a. Chief Financial Officer — Powers during control periods - (a) Notwithstanding any other provision of law, during any control...

§ 47–317.04a. Chief Financial Officer — Authorization to privatize tax administration and collection - The Chief Financial Officer of the District of Columbia may...

§ 47–317.07. SHARE Data Center - Notwithstanding any other law, all positions, personnel, property, records, and...

§ 47–317.08. Compliance and Real Property Tax Administration Fund. [Repealed] - Repealed. (Oct. 20, 2005, D.C. Law 16-33, § 1072(b), 52...

Subchapter I-B - Financial Accountability and Management

§ 47–318. Definitions - For the purposes of this subchapter, the term: (1) “Budget...

§ 47–318.01. Mayoral budget submissions required; accounting of expenditures - (a) In the annual budget submission, the Mayor shall provide...

§ 47–318.01a. Mayoral budget submission required; consistency of budget submission with previous fiscal year spending. [Repealed] - [Repealed]. (Mar. 2, 2007, D.C. Law 16-191, § 72, 53...

§ 47–318.01b. Legislative branch budget submission - (a) At least 20 days prior to the Mayor’s submission...

§ 47–318.02. Mayoral budget submissions required; accounting of expenditures — Budget request and multiyear plan - (a) The Mayor shall provide the Council with both a...

§ 47–318.03. Mayoral budget submissions required; accounting of expenditures — Gap-closing actions - (a) In the annual budget request, the Mayor shall provide...

§ 47–318.04. Mayoral budget submissions required; accounting of expenditures — Deadline for gap-closing submission - The Mayor shall submit to the Council, no later than...

§ 47–318.05. Mayoral budget submissions required; accounting of expenditures — Cash flow statements - The Mayor shall submit to the Council, beginning October 1,...

§ 47–318.05a. Budget submissions required; agency enhancement requests - The Mayor and the Chief Financial Officer shall supplement all...

§ 47–318.06. Monitoring indications of economic growth - Each year, in connection with budget estimates, the Chief Financial...

Subchapter I-C - Monitoring Committee

§ 47–319.01. Establishment of the Initiative Implementation Monitoring Committee; duties - (a) There is established an Initiative Implementation Monitoring Committee (“Committee”)....

§ 47–319.02. Composition - (a) The Committee shall consist of 9 members as follows:...

§ 47–319.03. Compensation - Members of the Committee shall receive no compensation. (Mar. 5,...

§ 47–319.04. Reports - The Committee shall submit to the Council reports on the...

Subchapter II - Borrowing

§ 47–334. Definitions - For the purposes of this subchapter, the term: (1) “Debt...

§ 47–335. Permissible security - Any revenue bonds, notes, or other obligations authorized by an...

§ 47–335.01. Borrowing of funds for capital projects - The Mayor shall not borrow any funds for capital projects...

§ 47–335.02. Borrowing limitation - (a) The Council shall not approve proposed District Bonds if...

Subchapter II-A - Capital Review and Debt Affordability

§ 47–336. Definitions - For the purposes of this subchapter, the term: (1) “Capital...

§ 47–337. Capital Review and Debt Affordability Committee - (a) There is established a Capital Review and Debt Affordability...

§ 47–338. Duties of the Committee - (a) The Committee shall review the size and condition of...

§ 47–339. Preliminary capital budget and multiyear capital improvements plan - On or before January 10 of each year, the Mayor...

§ 47–339.01. Capital projects - (a)(1) In accordance with §§ 1-204.43 and 1-204.44, the Mayor...

§ 47–340. Notation of debt service requirement on real property tax bills - Commencing with the tax year beginning October 1, 1994, and...

Subchapter II-B - Industrial Revenue Bond Forward Commitment Program

§ 47–340.01. Revenue bonds and other obligations - For the purpose of this subchapter, the term: (1) “Applicant”...

§ 47–340.02. Bond authorization - (a) The Mayor is authorized to assist in financing, refinancing,...

§ 47–340.03. Council review for each individual project - (a) For each individual project for which there is a...

§ 47–340.04. Details of each series of bonds - (a) The Mayor is authorized to take any action necessary...

§ 47–340.05. Sale of the bonds - (a) The bonds of any series may be sold at...

§ 47–340.06. Payment and security - (a) The principal of, premium, if any, and interest on...

§ 47–340.07. Financing and closing documents - (a) The Council approves the financing documents to which the...

§ 47–340.08. Authorized delegation of authority - To the extent permitted by District and federal law, the...

§ 47–340.09. Limited liability - (a) The bonds shall be special obligations of the District....

§ 47–340.10. District officials - (a) The elected or appointed officials, officers, employees, or agents...

§ 47–340.11. Maintenance of documents - Copies of the specimen bonds and of the final financing...

§ 47–340.12. Information reporting - Within 3 days after the Mayor’s receipt of the transcript...

§ 47–340.13. Disclaimer - (a) The issuance of bonds is in the discretion of...

§ 47–340.14. Expiration - If any series of bonds is not issued, sold, and...

§ 47–340.15. Severability - If any particular provision of this subchapter, or the application...

§ 47–340.16. Conflict of laws - The procedures set forth in this subchapter shall prevail over...

Subchapter II-C - Industrial Revenue Bond Fees

§ 47–340.20. Program fee - The Mayor may assess fees in connection with the provision...

§ 47–340.21. Deposit of fees and other monies - Fees authorized under § 47-340.20 and the earnings thereon, capital,...

§ 47–340.22. Allocation of funds - Monies credited to the Account established under § 47-340.21 shall...

§ 47–340.23. Use of funds allocated - (a) Account monies allocated to the Office of the Deputy...

Subchapter II-D - Income Tax Secured Bonds

§ 47–340.26. Definitions - For the purposes of this subchapter, the term: (1) “Additional...

§ 47–340.27. Creation of the Income Tax Secured Bond Fund - (a) There is established separate and apart from the General...

§ 47–340.28. Bond authorization - (a) Bonds in one or more series may be issued...

§ 47–340.29. Bond details - (a) The Chief Financial Officer may take any action reasonably...

§ 47–340.30. Issuance of the bonds - (a) The bonds of any series may be sold as...

§ 47–340.31. Payment and security - (a) The bonds shall be special obligations of the District...

§ 47–340.32. Financing and closing documents - (a) The Chief Financial Officer may prescribe the final form...

§ 47–340.33. Limited liability - No person, including any bond owner, shall have any claims...

§ 47–340.34. District officials - (a) Except as otherwise provided § 47-340.33, the elected or...

§ 47–340.35. Maintenance of documents - Copies of the specimen bonds and of the final Financing...

§ 47–340.36. Information reporting - Within 3 days after the Chief Financial Officer’s receipt of...

Subchapter III - Deposit of Public Funds. [Repealed]

§ 47–341. Definitions. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 2, 24...

§ 47–342. Mayor to invest or deposit certain funds. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 3, 24...

§ 47–343. Selection of depositories and investments. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 4, 24...

§ 47–344. Ranking of depositories; qualifying loans; information required to bid. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 5, 24...

§ 47–345. Limitation on amount. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 6, 24...

§ 47–345.01. Cashing government checks of District residents required. [Repealed] - Repealed. (Oct. 8, 1981, D.C. Law 4-40, § 2(c), 28...

§ 47–346. Required collateral and financial information. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 7, 24...

§ 47–347. Public disclosure of certain information; required reports by depositories and Mayor. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 8, 24...

§ 47–348. Termination of depositories or refusal of contracts; immediate withdrawal. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 9, 24...

§ 47–349. Powers of Mayor and District of Columbia Auditor; accountability of Auditor. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 10, 24...

§ 47–350. Authorized staff for District of Columbia Auditor and Committee on Employment and Economic Development. [Repealed] - Repealed. (Oct. 26, 1977, D.C. Law 2-32, § 11, 24...

Subchapter III-A - Financial Institutions Deposits and Investments

§ 47–351.01. Definitions - For the purposes of this subchapter, the term: (1) “Bank”...

§ 47–351.02. Powers of the Mayor - (a) The Mayor or the Mayor’s designated officer shall invest,...

§ 47–351.03. General deposit and investment requirements - (a) Unless otherwise provided by law, the Mayor, or the...

§ 47–351.04. Eligibility requirements; bidding; awards process - (a) To become eligible to submit a bid under this...

§ 47–351.05. Competition for banking business - (a) Except as otherwise provided by §§ 47-351.09, 47-351.10, and...

§ 47–351.06. Financial score - The Mayor, or the CFO pursuant to § 47-351.02(c), shall...

§ 47–351.07. Community development score - (a) The Mayor, or the CFO pursuant to § 47-351.02(c),...

§ 47–351.08. Collateral and reporting requirements - (a) Except for securities directly purchased without a repurchase agreement...

§ 47–351.09. Linked deposits for community development lending - (a) The Mayor, or the CFO pursuant to § 47-351.02(c),...

§ 47–351.10. Preservation of banking services - (a) Without regard to the competitive bidding requirements of §§...

§ 47–351.11. District funds reserved for certain insured institutions - Without regard to the competitive bidding requirements of §§ 47-351.05...

§ 47–351.12. Public disclosure - (a) Except as provided in subsection (b) of this section,...

§ 47–351.13. Protection of District funds at risk - (a) The Mayor, or the CFO pursuant to § 47-351.02(c),...

§ 47–351.14. Check cashing; identification - (a) An eligible financial institution shall cash checks issued by...

§ 47–351.15. Penalties - Any director, officer, manager, agent, or employee of an eligible...

§ 47–351.16. Rulemaking - The Mayor, pursuant to title 1 of the District of...

Subchapter III-B - Anti-Deficiency

§ 47–355.01. Definitions - For the purposes of this subchapter, the term: (1) “Agency”...

§ 47–355.02. Limitations on expenditures and obligating amounts - A District agency head, deputy agency head, agency fiscal officer,...

§ 47–355.03. Reporting requirements of managers - A manager shall develop year-end spending projections, by source of...

§ 47–355.04. Reporting requirements of agency heads and chief financial officers - (a) By October 1 of each year, an agency head...

§ 47–355.05. Reporting requirements of the Chief Financial Officer and Agency Fiscal Officers - (a) The Chief Financial Officer shall submit reports to the...

§ 47–355.06. Penalties - An agency head, deputy agency head, agency fiscal officer, agency...

§ 47–355.07. Board of Review for Anti-Deficiency Violations - (a) The Board of Review for Anti-Deficiency Violations (“Review Board”)...

§ 47–355.08. Notice requirement - Within 30 days of the effective date of this subchapter...

Subchapter IV - Reprogramming Policy

§ 47–361. Definitions - For the purposes of this subchapter, the term: (1) “Agency”...

§ 47–362. Policies enumerated - (a) A reprogramming shall be used only when an unforeseen...

§ 47–363. Council approval of reprogrammings - (a) The Mayor shall submit to the Council for approval...

§ 47–364. Council approval of non-offsetting budget modifications; exclusions. [Repealed] - Repealed. (Apr. 17, 1995, 109 Stat. 142, Pub. L. 104-8,...

§ 47–365. Reprogrammings of appropriated funds - (a) Funds appropriated pursuant to an appropriations act that remain...

§ 47–366. Non-Departmental Fund Transfer Notification - The Chief Financial Officer shall notify the Budget Director of...

Subchapter IV-A - Special Budget Provisions

§ 47–368.01. Transfer of dedicated funds to the General Fund. [Repealed] - [Repealed]. (June 5, 2003, D.C. Law 14-307, § 1202, 49...

§ 47–368.02. Increase in funds and fees and charges. [Repealed] - [Repealed]. (June 5, 2003, D.C. Law 14-307, § 1202, 49...

§ 47–368.03. Reduction in rates for certain excise taxes. [Repealed] - [Repealed]. (June 5, 2003, D.C. Law 14-307, § 1802(b), 49...

§ 47–368.04. Commodities Cost Reserve Fund. [Repealed] - [Repealed]. (Oct, 20, 2005, D.C. Law 16-33, § 1092(b), 52...

§ 47–368.05. Deposit of revenues dedicated to debt service - Notwithstanding any other law, excluding funds expressly exempted by the...

§ 47–368.06. Limitation on grant-making authority - (a) An agency with grant-making authority shall not issue grants...

§ 47–368.07. Workforce Investments account - (a) The Workforce Investments account ("Account") shall be administered by...

Subchapter IV-B - Adjustments to Appropriations

§ 47–369.01. General Fund surplus - Beginning in fiscal year 2009 and each fiscal year thereafter,...

§ 47–369.02. Increases to appropriations - (a) Beginning in fiscal year 2009 and each fiscal year...

§ 47–369.03. Short-term borrowing from certain funds - Beginning in fiscal year 2009 and each fiscal year thereafter,...

Subchapter V - Fund Accounting

§ 47–371. Findings - The Council of the District of Columbia finds that: (1)...

§ 47–372. Definitions - For purposes of this subchapter: (1) The term “Mayor” means...

§ 47–373. Organization of fund structure - Effective October 1, 1979, for purposes of accounting and financial...

§ 47–374. Accepted accounting principles to be followed - (a) Beginning October 1, 1979, the District will account for...

§ 47–375. Duties of Mayor - (a) The Mayor shall be responsible for the future classification...

§ 47–376. Construction of subchapter - (a) Nothing in this subchapter shall be construed as impinging...

§ 47–377. Financial obligations of District - The Mayor is authorized to establish such systems as may...

Subchapter VI - Funds Control

§ 47–381. Findings - The Council of the District of Columbia finds: (1) That...

§ 47–382. Definitions - For the purposes of this subchapter, the term: (1) “Agency”...

§ 47–383. Grant application procedure - (a) All grant applications shall be prepared in the name...

§ 47–384. Notice of application for grant funds - (a) The Mayor shall monthly give notice to the Council...

§ 47–385. Procedure for Council consent to certain grant applications and state plans - (a) Applications and state plans requiring Council consent. — In...

Subchapter VI-A - Certification of Accumulated General Fund Balance

§ 47–387.01. Certification by the CFO of minimum 5% accumulated general fund balance. [Repealed] - [Repealed]. (Oct. 20, 1999, D.C. Law 13-38, § 2702(a)(2), 46...

Subchapter VI-B - Certifications for Maintenance of Effort and Matching Funds

§ 47–387.51. Maintenance of Effort and Matching funds inclusion in budget - Beginning with the Fiscal Year 2003 Proposed Budget and Financial...

§ 47–387.52. Effect of reprogrammings on Maintenance of Effort and Matching funds - Beginning in Fiscal Year 2002, the Chief Financial Officer shall...

Subchapter VII - Financial Responsibility and Management Assistance

Part A - Establishment and Organization of Authority

§ 47–391.01. District of Columbia Financial Responsibility and Management Assistance Authority - (a) Establishment. — Pursuant to Article I, section 8, clause...

§ 47–391.02. Executive Director and staff of Authority - (a) Executive Director. — The Authority shall have an Executive...

§ 47–391.03. Powers of Authority - (a) Hearings and sessions. — The Authority may, for the...

§ 47–391.04. Exemption from liability for claims for authority employees - The Authority, its members, and its employees may not be...

§ 47–391.05. Treatment of actions arising from act - (a) Jurisdiction established in District Court for District of Columbia....

§ 47–391.06. Funding for operation of Authority - (a) Annual budgeting process. — (1) Submission of budget. —...

§ 47–391.07. Suspension of activities - (a) Suspension upon payment of Authority obligations. — (1) In...

§ 47–391.08. Application of laws of District of Columbia to Authority - (a) In general. — The following laws of the District...

§ 47–391.09. Chief Management Officer - (a) The Authority may employ a Chief Management Officer of...

Part B - Establishment and Enforcement of Financial Plan and Budget for District Government

§ 47–392.01. Development of financial plan and budget for District of Columbia - (a) Development of financial plan and budget. — For each...

§ 47–392.02. Process for submission and approval of financial plan and annual District budget - (a) Submission of preliminary financial plan and budget by Mayor....

§ 47–392.03. Review of activities of district government to ensure compliance with approved financial plan and budget - (a) Review of Council acts. — (1) Submission of acts...

§ 47–392.04. Restrictions on borrowing by District during control year - (a) Prior approval required. — (1) In general. — The...

§ 47–392.05. Deposit of annual federal contribution with Authority - (a) In general. — (1) Deposit into escrow account. —...

§ 47–392.06. Effect of finding of non-compliance with financial plan and budget - (a) Submission of reports. — Not later than 30 days...

§ 47–392.07. Recommendations on financial stability and management responsibility - (a) In general. — The Authority may at any time...

§ 47–392.08. Special rules for Fiscal Year 1996 - (a) Adoption of transition budget. — Notwithstanding any provision of...

§ 47–392.09. Control periods described - (a) Initiation. — For purposes of this Act, a “control...

Part C - Issuance of Bonds

§ 47–392.11. Authority to issue bonds - (a) In general. — (1) Request of Mayor. — Subject...

§ 47–392.12. Pledge of security interest in revenues of District government - (a) In general. — The Authority may pledge or grant...

§ 47–392.13. Establishment of debt service reserve fund - (a) In general. — As a condition for the issuance...

§ 47–392.14. Other requirements for issuance of bonds - (a) Minimum debt service reserve fund requirement. — The Authority...

§ 47–392.15. No full faith and credit of the United States - The full faith and credit of the United States is...

Part D - Other Duties of Authority

§ 47–392.21. Duties of Authority during year other than control year - (a) In general. — During the period beginning upon the...

§ 47–392.22. General assistance in achieving financial stability and management efficiency - In addition to any other actions described in §§ 47-392.01...

§ 47–392.23. Obtaining reports - The Authority may require the Mayor, the Chair of the...

§ 47–392.24. Reports and comments - (a) Annual reports to Congress. — Not later than 30...

§ 47–392.25. Disposition of certain school property - (a) Power to dispose. — Notwithstanding any other provision of...

§ 47–392.26. Prohibiting funding for terminated employees or contractors - (a) In general. — Except as provided in subsection (b)...

Part E - Definitions

§ 47–393. Definitions - In this Act, the following definitions apply: (1) The term...

Part F - Miscellaneous provisions

§ 47–395. Review and revision of regulations; permit and application processes - (a) Review of current regulations by Authority. — (1) In...

Subchapter VII-A - Management Reform Plans. [Repealed]

§ 47–395.01. Management reform plans for District government. [Repealed] - Repealed. (Aug. 5, 1997, 111 Stat. 731, Pub. L. 105-33,...

§ 47–395.02. Procedures for development of plans. [Repealed] - Repealed. (Aug. 5, 1997, 111 Stat. 731, Pub. L. 105-33,...

§ 47–395.03. Implementation of plans. [Repealed] - Repealed. (Aug. 5, 1997, 111 Stat. 732, Pub. L. 105-33,...

§ 47–395.04. Reform of powers and duties of department heads. [Repealed] - Repealed. (Aug. 5, 1997, 111 Stat. 732, Pub. L. 105-33,...

§ 47–395.05. Powers of Financial Responsibility and Management Authority unaffected. [Repealed] - Repealed. (Aug. 5, 1997, 111 Stat. 734, Pub. L. 105-33,...

Subchapter VIII - District of Columbia Convention Center and Sports Arena Authorization

§ 47–396.01. Expenditure of revenues for Convention Center activities - The fourth sentence of § 1-204.46 shall not apply with...

§ 47–398.01. Permitting designated authority to borrow funds for preconstruction activities relating to Gallery Place sports arena - (a) Permitting borrowing. — (1) In general. — The designated...

§ 47–398.02. Permitting certain District revenues to be pledged as security for borrowing - (a) In general. — The District of Columbia (including the...

§ 47–398.03. No appropriation necessary for arena preconstruction activities - The fourth sentence of section 446 of the District of...

§ 47–398.04. Arena preconstruction activities described - The arena preconstruction activities described in this section are as...

§ 47–398.05. Limitation on amount of borrowing financed by arena tax - Notwithstanding any other provision of law, the amount of borrowing...

§ 47–398.06. Rule of construction regarding revenue bond requirements under Home Rule Act - Nothing in the District of Columbia Convention Center and Sports...

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District of Columbia Code Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title] Chapter 3 - Budget and Financial Management; Borrowing; Deposit of Funds

District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 3 - Budget and Financial Management; Borrowing; Deposit of Funds