Walter Reed Redevelopment Fund.
Effective Dec 6, 2025May 18, 2016, D.C. Law 21-119, § 7; Oct. 8, 2016, D.C. Law 21-160, § 2032; Oct. 30, 2018, D.C. Law 22-168, § 2032; Dec. 6, 2025, D.C. Law 26-55, § 7134
- (a) There is established as a special fund the Walter Reed Redevelopment Fund ("Fund"), which shall be administered by the Office of the Deputy Mayor for Planning and Economic Development and used solely for the purposes set forth in subsection (c) of this section.
- (b) The Chief Financial Officer shall deposit into the Fund all funds received pursuant to § 47-1005.01 attributable to the Developer’s lease of the Walter Reed Redevelopment Site for the period ending on the last day of the tax year that is 10 years after the date on which the Developer commences the demolition of Building 2 on the Walter Reed Redevelopment Site in accordance with the requirements of the LDA.
- (c) The Fund shall be used solely to support the maintenance, operation, and construction activities on the Walter Reed Redevelopment Site.
- (d) Notwithstanding § 1-328.13, the Office of the Deputy Mayor for Planning and Economic Development shall have the authority to make grants from the Fund for the purposes set forth in subsection (c) of this section.
- (e) Any money remaining available in the Fund at the end of a fiscal year, as determined by the Chief Financial Officer in the fiscal year-end close, shall be transferred to the unassigned fund balance of the General Fund of the District of Columbia as part of the fiscal year-end close.
History
May 18, 2016, D.C. Law 21-119, § 7
Oct. 8, 2016, D.C. Law 21-160, § 2032
Oct. 30, 2018, D.C. Law 22-168, § 2032
Dec. 6, 2025, D.C. Law 26-55, § 7134
Emergency Legislation
For temporary (90 days) amendment of this section, see § 2032 of Fiscal Year 2019 Budget Support Emergency Act of 2018 (D.C. Act 22-434, July 30, 2018, 65 DCR 8200).
For temporary (90 days) amendment of this section, see § 2032 of Fiscal Year 2019 Budget Support Congressional Review Emergency Act of 2018 (D.C. Act 22-458, Oct. 3, 2018, 65 DCR 11212).
For temporary (90 days) amendment of this section, see § 7134 of Fiscal Year 2026 Budget Support Emergency Act of 2025 (D.C. Act 26-146, Sept. 3, 2025, 72 DCR 9623).
For temporary (90 days) amendment of this section, see § 7134 of Fiscal Year 2026 Budget Support Congressional Review Emergency Act of 2025 (D.C. Act 26-210, Nov. 24, 2025, 72 DCR 13514).