To amend the Electric Company Infrastructure Improvement Financing Act of 2014 to clarify the requirements related to the utilization of certified joint ventures as part of the District's power line undergrounding program.
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Power Line Undergrounding Program Certified Joint Venture Majority Interest Amendment Act of 2020".
Sec. 2. Title I of the Electric Company Infrastructure Improvement Financing Act of 2014, effective May 3, 2014 (D.C. Law 20-102; D.C. Official Code § 34-1311.01 et seq.), is amended as follows:
Amend § 34-1311.01
(a) Section 101 (D.C. Official Code § 34-1311.01) is amended by adding a new paragraph (33A) to read as follows:
"(33A) "Majority interest" shall have the same meaning as provided in
Amend § 34-1311.02
(b) Section 102(7) (D.C. Official Code § 34-1311.02(7)) is amended by striking the phrase "joint ventures, where" and inserting the phrase "joint ventures in which a certified business enterprise holds a majority interest, where" in its place.
Amend § 34-1311.03
(c) Section 103(1) (D.C. Official Code § 34-1311.03(1)) is amended by striking the phrase "joint ventures; or" and inserting the phrase "joint ventures in which a certified business enterprise holds a majority interest; or" in its place.
Sec. 3. Fiscal impact statement.
The Council adopts the fiscal impact statement in the committee report as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).
Sec. 4. Effective date.
The act shall take effect following approval by the Mayor (or in the event of veto by the Mayor, action by the Council to override the veto), a 30-day period of congressional review as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973, (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of Columbia Register.