Section 27-812. REPORTING REQUIREMENTS FOR JOINT VENTURES

 

812.1  A joint venture shall submit to the Department quarterly income statements showing all income or contract receipts and all expenses (including but not limited to, fees for services and labor, salaries of the joint venture principals, and distribution of profits) no later than sixty (60) days after the end of each operating quarter of the calendar year.

 

812.2  A joint venture shall submit to the Department the information contained

  in § 812.1 and a project-end income statement no later than forty-five (45) days after completion of the contract with a statement of final profit distribution.

 

812.3 Information provided under §§ 812.1 and 812.2 shall be considered commercial  or financial information which, if disclosed, could result in substantial harm to the competitive position of the provider of the information and, accordingly, shall be exempt from disclosure under D.C. Official Code § 2-534(a)(1).

 

 

 

authority

Section 2372 of the Small, Local, and Disadvantaged Business Enterprise Development and Assistance Act of 2005 (Act), effective October 20, 2005 (D.C. Law 16-33; D.C. Official Code § 2-218.72)(2009 Supp.) and Mayor’s Order 2009-58, dated April 15, 2009.

source

Final Rulemaking published at 39 DCR 9052 (December 4, 1992); as amended by Final Rulemaking published at 56 DCR 8439 (October 23, 2009), incorporating by reference text of Proposed Rulemaking published at 56 DCR 5622, 5633 (July 10, 2009).