District of Columbia Code Division I. Government of District. § 1-1511.03. Reorganization Plan No. 3 of 1992.

(Approved January 20, 1993)

Prepared by the Mayor and transmitted to the Council of the District of Columbia, pursuant to the provisions of section 422(12) of the District of Columbia Self-Government and Governmental Reorganization Act of 1973, approved December 24, 1973 (87 Stat. 790; Pub. L. 93-198; D.C. Code § 1-242(12) (1992)), the Governmental Reorganization Procedures Act of 1981, effective October 17, 1981 (D.C. Law 4-42; D.C. Code § 1-299.1 through § 1-299.7), and § 128 of the Fiscal Year 1993 Budget Request Act (D.C. Act 9-186; 39 DCR 2674, 2686, April 17, 1992).

DISTRICT OF COLUMBIA OFFICE OF BANKING AND FINANCIAL INSTITUTIONS

I. TRANSFER OF OBFI CONTROL CENTER

The D.C. Office of Banking and Financial Institutions (“OBFI”) is hereby transferred from the Deputy Mayor for Economic Development (“DMED”) control center to a separate OBFI control center/responsibility center. OBFI will continue to be administered by the Superintendent and will remain a part of the economic development cluster reporting to the Mayor.

II. PURPOSE

The purpose of this plan is to transfer the OBFI budget from the budget of the DMED to a separate OBFI responsibility/control center.

III. ORGANIZATION

There will be a transfer of OBFI's budget to a separate control/responsibility center. No organizational staffing or funding changes will occur at OBFI as a consequence of this shift other than the transfer of the authorization for one full time employee from the Office of International Business, a transfer of $18,000 to fund that position from the Office of Business and Economic Development, plus an overall budget increase of $68,000, all of which was approved by the Council in the FY 93 budget.

IV. FUNCTIONS

OBFI's functions are contained in the District of Columbia Regional Interstate Banking Act of 1985 Amendments Act of 1985, D.C. Law 6-107, effective April 11, 1986, codified in chapters 1, 4, 5, and 8 of title 26 of the D.C. Code (1991). These statutory duties of OBFI will remain unchanged as a result of this transfer.

V. EFFECTIVE DATE

This Reorganization Plan No. 3 of 1992 becomes effective the later of the date of Council approval in accordance with § 128 of the Fiscal Year of 1993 Budget Request Act (D.C. Act 9-186), or on a date thereafter to be designated pursuant to Executive Order of the Mayor.