Plain English Breakdown
The exact effective date is not listed in the provided metadata; the law takes effect following approval by the Mayor or a veto override.
District of Columbia Boards and Commissions Financial Reporting Emergency Amendment Act of 2025
This emergency law delays the start date for expanded financial reporting rules until April 3, 2026.
What This Bill Does
- Amends section 5710.3 of Title 3 of the District of Columbia Municipal Regulations on an emergency basis.
- Sets a specific rule that these new requirements shall not apply before April 3, 2026.
- Adopts the fiscal impact statement from the Budget Director.
Who It Names or Affects
- Certain boards and commissions in the District of Columbia subject to expanded financial reporting requirements.
Terms To Know
- Emergency basis
- A process that allows a law to take effect quickly but remain in force for no longer than 90 days unless extended or made permanent.
- Fiscal impact statement
- An official document describing the financial cost or savings of the new rule, prepared by the Budget Director.
Limits and Unknowns
- The law remains in effect for no longer than 90 days after it takes effect.
- The text does not list which specific boards and commissions must follow these rules.