Source: https://development.code.dccouncil.us/dc/council/code/sections/2-218.39a.html
Timestamp: 2019-04-23 08:26:46+00:00

Document:
D.C. Law Library - § 2–218.39a. Certified joint venture.
↪ Subchapter IX-A. Small and Local Business Enterprise Development and Assistance.
↪ Part D. Programs for Certified Business Enterprises.
↪ Subpart 1. Certified business enterprises.
↪ § 2–218.39a. Certified joint venture.
§ 2–218.39. Local manufacturing business enterprises.
Subpart 2. Requirements of programs.
§ 2–218.39a. Certified joint venture.
(a) A joint venture shall be eligible for certification as a certified joint venture if the joint venture intends to submit a response to solicitation in which the joint venture will provide goods or perform services, and has a member that owns a majority or minority interest in the joint venture and meets the definition of a certified business enterprise pursuant to § 2-218.02(1D). A joint venture shall be certified for a specific solicitation. The Department shall promulgate regulations that provide for a simplified procedure for the certification of a joint venture if the joint venture, having the same participants and structure, has been certified by the Department on a previous government-assisted project.
(a-1) The Department shall have the authority to certify a joint venture for all public, public-private, and private projects.
(C) More than 50% of the total interest in the capital, profits, and loss, or beneficial interest in the joint venture business enterprise.
(C) Less than 50% of the total interest in the capital, profits, and loss, or beneficial interest in the joint venture business enterprise.
(2) Documentation of the financial contribution of each joint venture member, including access to bank records and organizational resolutions and agreements.
(d) Decisions concerning the affairs of the business shall require the consent of those members with voting rights holding at least a majority interest in the business.
(e) A joint venture shall relinquish its status as a certified joint venture if it has not been awarded the contract or if the solicitation has been withdrawn or cancelled.
(f) Unless a joint venture’s certification is relinquished pursuant to subsection (e) of this section, a certified joint venture shall retain its certification for the duration of the contract awarded through the solicitation for which it was certified, including any extension of the contract.
(2) To meet the small and certified business equity and development participation requirements set forth in § 2-218.49a.
(C) At least 50% of the staff that the joint venture will devote to the project will be provided by the certified business enterprise.
(2) If the Department determines that a certified business enterprise owns a minority interest in the joint venture, the Department’s certification of the joint venture shall indicate such and specify the preference points or price reductions that the joint venture shall receive, but in no event shall the preference points or price reductions exceed 50% of the preference points or price reductions that would otherwise be applicable to the certified business joint venture partner.
(3) Similar to the requirements set forth in paragraph (1)(A), (B), and (C) of this subsection, the Department may adopt regulations that establish additional industry-specific requirements for the certification of a joint venture that has a majority interest held by a certified business enterprise.
(2) No later than 45 days after the completion of the project, the joint venture shall submit a project-end income statement to the Department with a statement of final profit distribution.
The 2014 amendment by D.C. Law 20-108 substituted ‘Certified joint venture” for “Joint venture business enterprises” in the section heading; rewrote (a); added (a-1); rewrote the introductory language of (c); added “of the joint venture” in (c)(1); substituted “each joint venture member” for “each member” in (c)(2); and added (e), (f), (g) and (h).
For temporary (90 days) repeal of D.C. Law 20-108, § 4(c), see § 7005 of the Fiscal Year 2015 Budget Support Emergency Act of 2014 (D.C. Act 20-377, July 14, 2014, 61 DCR 7598, 20 STAT 3696).
For temporary (90 days) repeal of D.C. Law 20-108, § 4(c), see § 7005 of the Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014 (D.C. Act 20-449, October 10, 2014, 61 DCR 10915, 20 STAT 4188).
For temporary (90 days) repeal of D.C. Law 20-108, § 4(c), see § 7005 of the Fiscal Year 2015 Budget Support Second Congressional Review Emergency Act of 2014 (D.C. Act 20-566, January 9, 2015, 62 DCR 884, 21 STAT 541).
Applicability of D.C. Law 20-108: Section 4(a) of D.C. Law 20-108 provided that applications pending as of June 10, 2014, shall not be subject to the provisions of the act.
Section 4(b) of D.C. Law 20-108 provided that, except as provided in § 2-218.46(f), contracts existing or pending as of June 10, 2014, shall not be affected by the provisions of the act.
Section 4(c) of D.C. Law 20-108 provided that the act shall apply upon the inclusion of its fiscal effect in an approved budget and financial plan, as certified by the Chief Financial Officer to the Budget Director of the Council in a certification published by the Council in the District of Columbia Register.
Section 4(c) of D.C. Law 20-108 was repealed by D.C. Law 20-155, § 7005.

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