{"data":{"id":"us-dc/d.c.-code-2-1210.81","jurisdiction":"us-dc","citation":"D.C. Code § 2-1210.81","heading":"SSBCI-Venture Capital Program; establishment.","body":"(a)\nThere is established, in accordance with the federal State Small Business Credit Initiative (\"SSBCI\"), within the executive branch of District government, the State Small Business Credit Initiative Venture Capital Program (\"SSBCI-Venture Capital Program\").\n\n(b)\nThe SSBCI-Venture Capital Program shall be:\n(1)\nFunded by the SSBCI, as authorized by the 2021 American Rescue Plan Act, approved March 11, 2021 (Pub. L. No. 117-2; 135 Stat. 4); and\n(2)\nIn compliance with the requirements of the State Small Business Credit Initiative Act of 2010, approved September 27, 2010 (Pub. L. No. 111-240; 124 Stat. 2504).\n\n(c)\nThe purpose of the SSBCI-Venture Capital Program will be to provide grants to a program administrator selected by the Mayor to make long-term investments in the form of loans and equity investments in the local business community in accordance with the official program guidance of the U.S. Department of the Treasury.","path":["Title 2. Government Administration.","Chapter 12. Business and Economic Development.","Subchapter V-F. SSBCI-Venture Capital Program."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1210.81","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"211d1ea569cdffc709cd29617dc5f38d3919412346266dda7706c6dee7a969c9","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1210.71","next":"us-dc/d.c.-code-2-1211.01"},"notice":"GroundRules: Original legal text. Not legal advice."}