{"data":{"id":"us-dc/d.c.-code-2-1210.07","jurisdiction":"us-dc","citation":"D.C. Code § 2-1210.07","heading":"Limitations on District’s contribution to reserve account.","body":"(a)\nThe Mayor shall not deposit more than 10% of the total funds deposited in the Capital Access Fund into reserve accounts for capital access loans requiring a 200% match under § 2-1210.06(d)(3). The 10% limitation under this subsection may be waived at the discretion of the Mayor upon a finding that the total amount of funds deposited in the Capital Access Fund by the District shall result in at least $10 of enrolled loans by financial institutions for each dollar deposited by the District.\n\n(b)\nThe amount deposited by the Mayor into a reserve account for any single loan recipient shall not exceed $400,000 during a 3-year period.\n\n(c)\nThe maximum amount that the Mayor may deposit into a reserve account for each enrolled loan made under this subchapter shall be the greater of $35,000 or an amount equal to:\n(1)\nFourteen percent of the enrolled loan amount if:\n(A)\nThe borrower is financing an enterprise project or is located in, or financing a project, activity, or enterprise in, an area in the District of Columbia Enterprise Zone under section 1400 of the Internal Revenue Code of 1986, approved August 5, 1997 (111 Stat. 863; 26 U.S.C. § 1400); or\n(B)\nThe financial institution is a community development financial institution, as defined in section 103(5) of the Riegle Community Development and Regulatory Improvement Act of 1994, approved September 23, 1994 (108 Stat. 2163; 12 U.S.C. § 4702(5)); or\n(2)\nSeven percent of the loan amount for any other borrower.","path":["Title 2. Government Administration.","Chapter 12. Business and Economic Development.","Subchapter V-A. Access to Capital for Businesses and Nonprofit Organizations."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1210.07","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"8f457a03830881b9193f52c1b0aea6a95868fd6b8a72a8e1a761151b7b9249b9","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1210.06","next":"us-dc/d.c.-code-2-1210.08"},"notice":"GroundRules: Original legal text. Not legal advice."}