5389240 Resolution 21-22, Market-based Sourcing Inter Alia Clarification Congressional Review Emergency Declaration Resolution of 2015

A RESOLUTION

 

21-22

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

March 3, 2015

 

 

To declare the existence of an emergency, due to congressional review, with respect to the need to clarify the applicability date of the market-based sourcing legislation and the tax sale interest rate to be paid to certain purchasers; and to amend the Fiscal Year 2015 Budget Support Act of 2014 to provide grant-making authority for a specified purpose to the Deputy Mayor for Planning and Economic Development for Fiscal Year 2015.

 

 

RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this

resolution may be cited as the “Market-based Sourcing Inter Alia Clarification Congressional Review Emergency Declaration Resolution of 2015”.

 

Sec. 2. (a) Amendments to Title 47 of the District of Columbia Official Code in the Fiscal Year Budget Support Act of 2014, enacted on September 23, 2014 (D.C. Act 20-424; 61 DCR 9990) (“Budget Support Act”), were intended to clarify the tax sale interest rate to be paid to certain purchasers at 1.5% beginning after December 31, 2014.

(b) The Budget Support Act was to have included a grant award to the Washington, DC Economic Partnership for Fiscal Year 2015 but through inadvertence did not.

            (c)  In January, the Council enacted the Market-based Sourcing Inter Alia Clarification  Emergency Amendment Act of 2014, effective January 13, 2015 (D.C. Act 20-585; 62 DCR 1288) (“emergency legislation), and the Market-based Sourcing Inter Alia Clarification Temporary Amendment Act of 2015, signed by the Mayor on February 5, 2015 (D.C. Act 20-629; 62 DCR 2270) (“temporary legislation”), to further clarify the interest rate and the date of its applicability and to add the inadvertently omitted grant.

(d)  The emergency legislation expires on April 13, 2015.  The temporary legislation must complete the 30-day review period required by section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and shall not become law until after the emergency legislation has expired.

(e)  It is important that the provisions of the emergency legislation continue in effect, without interruption, until the temporary legislation is in effect.

 

 

 

Sec. 3. The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the Market-Based Sourcing Inter Alia Clarification Congressional Review Emergency Amendment Act of 2015 be adopted after a single reading.

 

Sec. 4. This resolution shall take effect immediately.