A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
To establish the Taxicab Driver Security Revolving
Fund to provide 1-year interest free loans of up to $500 to a taxicab
driver licensed in the District of Columbia, a taxicab driver with the
purchase of any one of the security devices approved by the Taxicab
Commission for their taxicabs, to authorize use of a portion of the fund
to cover the administration of the fund, to require an annual audit of the
fund, and to require the Mayor to adopt regulations to implement the
provisions of this act.
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF
COLUMBIA, That this act may be cited as the "Taxicab Driver Security
Revolving Fund Act of 2001 ".
Sec. 2. Taxicab Driver Security Revolving Fund.
(a)(1) There is established as a nonlapsing,
revolving fund, the Taxicab Driver Security Revolving Fund
("Fund") to be administered by the Mayor. The Fund shall be
comprised of general revenue funds appropriated by a line item in the
budget submitted pursuant to section 446 of the District of Columbia Home
Rule Act, approved December 24, 1973 (87 Stat. 801; D.C. Official Code
§1-204.46), and authorized by Congress in an appropriations act for the
purpose of the Taxicab Driver Security Revolving Fund. The Mayor shall
deposit in the Fund, subject to authorization by Congress, all monies
received on behalf of the Fund for the purposes set forth in subsection
(b) of this section.
(2) Monies shall be deposited into the Fund without regard to fiscal
year limitation pursuant to an act of Congress, and shall not revert to
the General Fund of the District of Columbia at the end of any fiscal
year or at any other time, but shall be continually available for the
purpose of the Taxicab Driver Security Revolving Fund, subject to
authorization by Congress.
(b) A portion of the Fund shall be allocated for administrative
support. The Fund shall:
(1) Only be used to provide 1-year, interest free loans to taxicab
drivers licensed in the District of Columbia, to assist taxicab drivers
with the purchase of any one of the security devices listed in 31 DCMR
§§ 601.9, 601.10 and 601.12, for use in their taxicabs; and
(2) Provide 1-year interest free loans of no more than $500 from
funds in FY 2001 and FY 2002.
(c) Failure to pay back the loan shall result in suspension of the
taxicab drivers' hack license.
(d) Expenditures from the Fund shall be audited annually by the Mayor.
The audit report shall be provided to the Council by January 1, of each
year. The expenses of each audit shall be paid for by monies in the Fund.
Sec. 3. The Mayor shall promulgate rules to implement the provisions of
this act. The proposed rules shall include eligibility requirements, and
terns and conditions under which loans may be awarded.
Sec. 4. Fiscal impact statement.
The fiscal impact statement is attached.
Sec. 5. Effective date.
This act shall take effect following approval by the Mayor (or in the
event of 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. Official Code §1-206.02(c)(1)), and publication in the
District of Columbia Register.