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Chairman Linda W. Cropp request of the District of Columbia Housing Finance Agency
A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
Councilmember Cropp introduced the following bill, which was referred to the Committee on Economic Development.To amend the District of Columbia Housing Finance Agency Act with respect to the powers and authority of the District of Columbia Housing Finance Agency ("Agency").
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Housing Finance Agency Amendment Act of 2001 ".
Sec. 2. The District of Columbia Housing Finance Agency Act, effective March 3, 1979 (D.C. Law 2-135, D.C. Code § 42-2701, et seq.) is amended as follows:
(a) Section 102 (D.C. Code § 42-2701.02) is amended by striking paragraph 15 and inserting the following definition:
(b) Section 206 (D.C. Code § 42-2702.06) is amended by striking the phrase "are made" after the phrase "State or Local Government Loans" and inserting in its place ", or Supportive Programs".
(c) Section 301 (D.C. Code § 42-2703.01), subsection (4) is amended to read as follows:
(d) Section 301 (D.C. Code §42-2703.01), subsection (6) is amended by adding after the phrase "duties under this chapter" the phrase "and for or relating to the development, construction, rehabilitation, improvement, maintenance, repair, operation, and management of housing projects;".
(e) Section 301 (D.C. Code § 42-2703.01), subsection (15) is amended by inserting the phrase "acquire by purchase or otherwise," before the word "own", by inserting the word "construct" after the word "clear", and by inserting the word "improve" after the word "rehabilitate", and by striking the phrase "property if:" and inserting "property;" in its place.(f) Paragraphs (A) and (B) of D.C. Code § 42-2703.01(1 S) are repealed.
(g) Section 301 (D.C. Code § 42-2703.01) is amended by redesignating subsection (21) as subsection (25), and adding the following new subsections:
(h) Section 305 (D.C. Code § 42=2703.05) of the Act is amended as follows:
(1 ) Designate the existing text as subsection (a).
(i) Section 410 (D.C. Code § 42-2704.10), subsection (a) is amended by inserting the phrase "or of any entity established by the Agency pursuant to Section 42-2703.01(23)" after the phrase "of the Agency".
Sec. 3. The Council adopts the fiscal impact statement in the committee report as the fiscal impact statement required by section 602(c)(3) of the District of Columbia Home Rule Act, approved December 24, 1973 (84 Stat. 813; D.C. Code §1-233(c)(3)).
Sec. 4. This act shall take effect following approval by the Mayor (or in the event of a veto by the Mayor, action by the Council to override the veto), a 30-day period of Congressional review as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 813; D.C. Code §1-233(c)(1)), and publication in the District of Columbia Register.
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