Section 27-848. EQUITY AND DEVELOPMENT REPORTS

 

848.1 Developers must submit quarterly reports to the Department regarding the fulfillment of the EDP Program requirements on such forms as determined by the Department.  The reports shall include information regarding:

 

 (a)  Changes in ownership interest of the owners/partners;

 

 (b)  Additions or deletions of an owner/partner;

 

 (c)  Changes in the legal status of an existing owner/partner;

 

 (d)  Changes in the percentage of revenue distribution to an owner/partner;

 

 (e)  A description of team member activities; and

 

(f)  The amount of development fees paid to each team member, participant, partner, or owner. 

 

848.2 Information provided under § 848.1 shall be considered commercial or financial information which could result in substantial harm if disclosed to the competitive position of the provider of the information and 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 56 DCR 8439 (October 23, 2009), incorporating by reference text of Proposed Rulemaking published at 56 DCR 5622, 5653 (July 10, 2009).