District Of Columbia § 47-4665.01 - The Advisory Board Company — definitions.
Full text of District Of Columbia D.C. Code § 47-4665.01 — The Advisory Board Company — definitions., with citation guidance and answers to common questions.
§ 47-4665.01. The Advisory Board Company — definitions.
47-4665.01For the purposes of §§ through , the term:
“Abatement period” means October 1, 2020, through September 30, 2030, the time during which the incentive will be applied.
“Accumulated New District Resident Hires” is the goal for Net New District FTE Hires pursuant to the incentive agreement.
“Annual reporting date” means September 30 preceding every tax year of the Abatement Period.
“Company” means The Advisory Board Company.
“Community Benefits Agreement” means the agreement entered into between the Mayor and the Company pursuant to .
“District resident” means an FTE whose principal place of residence is located within the District and who is on the annual reporting date subject to District personal income tax.
“FTE” means an employee of the Company, or one of its subsidiaries or affiliates, who is eligible for the full employee healthcare benefits of the Company, or its applicable subsidiary or affiliate, in accordance with its standard policies.
“Incentive agreement” means the agreement entered into between the Mayor and the Company outlining the Company’s incentive requirement, which shall include incentives for hiring 1,000 Net New District FTE Hires.
“Lease commencement” means the date on which the Company occupies the Property with its employees.
“Lease execution” means the date on which the Company signs the lease for the Property.
“Net New District FTE Hires” means the aggregate number of District residents whose primary workplace is located in the District in excess of the resident employment baseline.
“Project” means the initial tenant improvements to the premises located on the Property undertaken by the Company or its contractor to construct the space for initial occupancy.
“Property” means Lots 25, 39, 41, 800, 825, 830, 831, and 832, Square 450.
“Resident employment baseline” means the total number of District residents whose primary workplace is located in the District, as established in the incentive agreement, as of the date of the lease execution.
“Total employment baseline” means the total number of FTEs, whose primary workplace is located in the District, as established in the incentive agreement, as of the date of the lease execution.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-4665.01
What does D.C. Code § 47-4665.01 cover?
Section 47-4665.01 ("The Advisory Board Company — definitions.") 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 § 47-4665.01?
A common citation format is "D.C. Code § 47-4665.01" (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 § 47-4665.01 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.