Plain English Breakdown
The official source does not specify the exact boards and commissions that are affected, leaving some uncertainty about which entities are impacted.
Emergency Act for Financial Reporting by DC Boards and Commissions
This act amends the rules regarding when certain boards and commissions in Washington D.C. must start reporting their financial information.
What This Bill Does
- Amends section 5710 of Title 3 of the District of Columbia Municipal Regulations to specify that some boards and commissions do not need to follow new financial reporting requirements until April 3, 2026.
- Adopts the fiscal impact statement from the Budget Director as required by law.
Who It Names or Affects
- Boards and commissions in Washington D.C. affected by financial reporting rules.
Terms To Know
- Emergency Act
- A law passed quickly to address urgent issues, which usually lasts for a limited time.
- Fiscal Impact Statement
- An official document that explains the financial effects of a new law.
Limits and Unknowns
- The act will expire on March 19, 2026.
- It is not clear which specific boards and commissions are affected by this change in reporting rules.