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Current as of January 01, 2024 | Updated by Findlaw Staff
Notwithstanding any other law, the Mayor may enter into pay-for-success contracts. Each contract shall include:
(1) A requirement that payment from the District be conditioned on the achievement of specific outcomes based on defined performance targets;
(2) An objective process by which an independent evaluator will determine whether the performance targets have been achieved;
(3) A detailed scope of the social service intermediary's service under the contract;
(4) A calculation of the amount and timing of payments to the social service intermediary during each year of the contract if performance targets are achieved as determined by the independent evaluator;
(5) A requirement that the social service intermediary create a social impact funding instrument to obtain the funds required for the social program;
(6) A sinking fund requirement under which the Mayor shall request a multiyear appropriation for every fiscal year that the contract is in effect, in an amount equal to the expected payments that the District would ultimately be obligated to pay in the future based upon service provided, if performance targets were achieved pursuant to the terms of the contract;
(7) A process for the District to review payments made by the social service intermediary through reporting requirements pursuant to the contract; and
(8) A determination by the Mayor that the contract will result in significant performance improvements and budgetary savings to the District across all impacted areas if the performance targets are achieved.
Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 2-211.02. Authorization of pay-for-success contracts. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-2-211-02/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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