District Of Columbia § 2-218.75 - Small Business Capital Access Fund.
Full text of District Of Columbia D.C. Code § 2-218.75 — Small Business Capital Access Fund., with citation guidance and answers to common questions.
§ 2-218.75. Small Business Capital Access Fund.
2-218.75For the purposes of this section, the term:
“Eligible recipient” means a business certified, or eligible to be certified, as a small business enterprise pursuant to or a disadvantaged business enterprise pursuant to .
“Fund” means the Small Business Capital Access Fund.
There is established as a nonlapsing fund the Small Business Capital Access Fund, which shall be used for the following purposes:
To grant the local funds necessary to obtain federal matching funds to establish a procurement technical assistance program in the Department;
To make a one-time grant in an amount of $50,000 to provide operating support to a newly formed business association in Ward 3; and
To provide financial assistance, including grants, loans, and loan guarantees, to eligible recipients.
All funds deposited into the Fund shall not revert to the unrestricted fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time, but shall be continually available for the uses and purposes set forth in subsection (b) of this section without regard to fiscal year limitation, subject to authorization by Congress.
Any penalties assessed by the Department pursuant to and any civil penalties imposed pursuant to and any fees collected pursuant to shall be collected by the Department and deposited into the Fund.
Preference for financial assistance shall be given to:
Eligible recipients that are certified as a small business enterprise pursuant to , a disadvantaged business enterprise pursuant to , or a resident-owned business enterprises pursuant to ; or
Eligible recipients that serve, or whose principal office is located in:
A DC Main Street corridor; or
Repealed;
Another area identified by the Mayor for economic development or commercial revitalization.
Within 90 days of September 18, 2007, the Mayor shall issue rules to implement the provisions of this section. The Mayor shall submit the proposed rules to the Council for a 45-day period of review, excluding Saturdays, Sundays, legal holidays, and days of Council recess. If the Council does not approve or disapprove the proposed rules, in whole or in part, by resolution, within the 45-day review period, the proposed rules shall be deemed approved.
Annotations
Short title: Section 2230 of provided that subtitle X of title II of the act may be cited as the “Small Business Micro Fund Amendment Act of 2009”.
Short title: Section 2021 of provided that subtitle I of title II of the act may be cited as the “Small Business Micro Loan Fund Amendment Act of 2008”.
This section is referenced in , , and § 2- 218.65.
This section is referenced in .
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 2-218.75
What does D.C. Code § 2-218.75 cover?
Section 2-218.75 ("Small Business Capital Access Fund.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 2-218.75?
A common citation format is "D.C. Code § 2-218.75" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 2-218.75 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.