Section 10-B5811. ADVISORY PANEL

 

5811.1The Mayor may establish an Advisory Panel ("Panel") to:

 

(a)Review applications for assistance under the Security Deposit Assistance Program and the Affordable Facilities Lease Program and make a recommendation to the Mayor on whether an application should be approved or disapproved; and

 

(b)Provide recommendations to the Mayor and appropriate agencies of the District of Columbia government on improvements to the Security Deposit Assistance Program and the Affordable Facilities Lease Program that may be implemented to ensure that these programs achieve the purposes of the Act.

 

5811.2The panel shall:

 

(a)Develop internal review and underwriting criteria, consistent with the Act and these regulations, to be used in evaluating applications;

 

(b)Develop standards for determining the nature and extent of commitments to be undertaken by applicants in exchange for any assistance provided; and

 

(c)Serve as a clearinghouse for information on the Security Deposit Assistance Program and Affordable Facilities Lease Program.

 

5811.3Within 30 days after receipt of an application, the Panel shall review the application and make a recommendation to the Mayor on whether the application should be approved or disapproved.

 

5811.4The Panel shall append to the recommendation a statement describing the justification for the recommendation.

 

5811.5Recommendations of approval shall be accompanied by a proposed statement of commitments to be undertaken by the applicant in exchange for the assistance provided.

 

5811.6The Panel may take such other action as it deems appropriate to assist the Mayor and appropriate agencies of the District of Columbia government in meeting the purposes of the Act.

 

5811.7The Panel shall be comprised of individuals appointed by the Mayor.

 

5811.8A majority of Panel members shall be District of Columbia residents.

 

5811.9The following areas of expertise shall be represented on the panel:

 

(a)Banking and lending;

 

(b)Real estate transactions;

 

(c)Venture capitalist;

 

(d)High technology industry; and

 

(e)The practice of law.

 

5811.10Members of the Panel shall serve in their capacity at the pleasure of the Mayor.

 

5811.11Members of the Panel shall serve for a term of 3 years, except that, of the members first appointed to the Panel, one-third (1/3) shall be appointed for three year terms, one-third (1/3) shall be appointed for two year terms; and one-third (1/3) shall be appointed for a one year term. The date the first Panel members are installed shall become the anniversary date for all subsequent appointments.

 

5811.12Panel members shall serve without compensation.

 

5811.13Expenses of the Panel, when authorized in advance by the Mayor, shall become obligations against funds designated for that purpose.

 

5811.14The Panel may adopt internal rules to govern its operation and decision-making. The rules shall be published in accordance with the District of Columbia Administrative Procedures Act.

 

5811.15The Mayor shall provide administrative and staff support for the Panel. Other District of Columbia departments and agencies shall provide assistance to the Panel upon request.

 

source

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