123STA T .69 9 PUBLIC LA W 111 –8—M A R .11 , 2 0 09 Distr i c t ’ si m m ed i a te lyp recedi ngf iscal year’s u ne x pended general fund surplus .Th e District may ob ligate and expend these amounts only in accordance w ith the following conditions
- (1)
The C hief F inancial O fficer of the District of Columbia shall certify that the use of any such amounts is not anticipated to ha v e a negative impact on the District’s long - term financial , fiscal, and economic vitality. ( 2 ) The District of Columbia may only use these funds for the following expenditures: ( A ) One-time expenditures. ( B ) E xpenditures to avoid deficit spending. (C) Debt R eduction. (D) P rogram needs. (E) Expenditures to avoid revenue shortfalls. ( 3 ) The amounts shall be obligated and expended in accord- ance with laws enacted by the Council in support of each such obligation or expenditure. ( 4 ) The amounts may not be used to fund the agencies of the District of Columbia government under court ordered receivership. ( 5 ) The amounts may not be obligated or expended unless the M ayor notifies the Committees on Appropriations of the H ouse of Representatives and the S enate not fewer than 3 0 days in advance of the obligation or expenditure. S EC . 8 1 7 . (a) Beginning in fiscal year 200 9 and each fiscal year thereafter, consistent with revenue collections, the amount appropriated as District of Columbia Funds may be increased — (1) by an aggregate amount of not more than 25 percent, in the case of amounts proposed to be allocated as ‘ ‘Other- Type Funds’’ in the annual Proposed Budget and Financial Plan submitted to Congress by the District of Columbia
and (2) by an aggregate amount of not more than 6 percent, in the case of any other amounts proposed to be allocated in such Proposed Budget and Financial Plan. (b) The District of Columbia may obligate and expend any increase in the amount of funds authori z ed under this section only in accordance with the following conditions: (1) The Chief Financial Officer of the District of Columbia shall certify— (A) the increase in revenue; and (B) that the use of the amounts is not anticipated to have a negative impact on the long-term financial, fiscal, or economic health of the District. (2) The amounts shall be obligated and expended in accord- ance with laws enacted by the Council of the District of Columbia in support of each such obligation and expenditure, consistent with the re q uirements of this Act. (3) The amounts may not be used to fund any agencies of the District government operating under court-ordered receivership. (4) The amounts may not be obligated or expended unless the Mayor has notified the Committees on Appropriations of the House of Representatives and the Senate not fewer than 30 days in advance of the obligation or expenditure. SEC. 818. Beginning in fiscal year 2009 and each fiscal year thereafter, the Chief Financial Officer for the District of Columbia may, for the purpose of cash flow management, conduct short- Ef f ectiv e da te s.Lo a n s. N otification. D ead l ine. C e r tification. Effective dates. Notification. Deadline. Certification.
