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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) If the Mayor determines that there is an area that warrants investment pursuant to this chapter that is not an eligible area, as defined by § 47-3801(1D), the Mayor shall prepare a plan describing the area, geographically and otherwise, along with a detailed rationale for extending the tax incentives provided for by this chapter, a fiscal impact statement, and an explication of the benefits to be derived for the area and the District as a whole.
(b) The Mayor shall transmit the plan to the Council, with a proposed resolution for a 45-day period of review, excluding days of Council recess. If the Council does not approve or disapprove the plan, in whole or in part, by resolution within this 45-day review period, the plan shall be deemed approved, and the area described in the plan shall be considered an eligible area for purposes of this chapter.
Cite this article: FindLaw.com - District of Columbia Code Division VIII. General Laws. § 47-3801.01. Expansion of supermarket investment areas. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-viii-general-laws/dc-code-sect-47-3801-01/
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