{"data":{"id":"us-dc/d.c.-code-2-1221.02","jurisdiction":"us-dc","citation":"D.C. Code § 2-1221.02","heading":"Master lease program.","body":"(a)\nFor purposes of this section, the term “sponsor” means a commercial real estate broker, landlord, venture capitalist, business incubator, technology company, commercial bank, investment banker, or a for-profit, nonprofit, or public-sector entity acting on behalf of a Qualified High Technology Company.\n\n(b)\n(1)\nThe Mayor may enter into one or more master leases of real property within the District of Columbia for the purpose of subleasing, directly or through a sponsor of a Qualified High Technology Company, the real property to a Qualified High Technology Company which is unable to secure financing for a facility on prevailing commercial terms.\n(2)\nThe Mayor may sublease the premises for a rent which, in his or her discretion, may be less than, but shall not exceed, the rental rate under the master lease. The term of a sublease shall be at least 12, but not greater than 36, months, including any option to extend the sublease.\n(3)\nThe master lease may be for all or part of a facility and shall provide that the District of Columbia shall have the unqualified right to sublease the space to a Qualified High Technology Company which is unable to secure financing for the facility, or a comparable facility, at commercially reasonable terms.\n(4)\nThe master lease shall provide that the District of Columbia is not liable in the event of a default by the lessor or other applicable party to the master lease under any financing or other agreement binding on the lessor or other party.\n\n(c)\nIn exchange for funding assistance under this section, a Qualified High Technology Company shall provide:\n(1)\nTraining courses to District of Columbia Public School teachers and administrators for the more efficient use of technology in the education process;\n(2)\nInternships to District of Columbia Public School students throughout the calendar year;\n(3)\nEmployment to District of Columbia Public School students during the summer months when school is not in session;\n(4)\nTechnical support or expertise, including networking and maintaining computer systems and other related activities; or\n(5)\nAny other assistance considered appropriate or acceptable by the Mayor.","path":["Title 2. Government Administration.","Chapter 12. Business and Economic Development.","Subchapter XI. Assistance for Qualified High Technology Companies."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1221.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"1d5d119ce8bcfa35137cc88714967e2145023701f274cc0dd72dfcaca883b484","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1221.01","next":"us-dc/d.c.-code-2-1221.03"},"notice":"GroundRules: Original legal text. Not legal advice."}