Section 10-B5809. SECURITY FOR OBLIGATIONS

Latest version.

5809.1The Mayor shall make reasonable provisions to ensure repayment of any security deposit assistance provided to, or the payment of any obligations undertaken by, a Qualified High Technology Company pursuant to the Act or these regulations.

5809.2The Mayor may accept as security for any security deposit assistance or obligation:

(a)Warrants;

(b)Options;

(c)Equity;

(d)Preferred shares;

(e)Convertible debt; or

(f)Any combination of the foregoing.

source

Final Rulemaking published at 49 DCR 7502(August 2, 2002).

                    
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