§ 42–2067.01. Definitions.

For the purposes of this subchapter, the term:

(1) "Advisory Council" means the Limited Equity Cooperative Advisory Council established by § 42-2067.02.

(2) "Cooperative" shall have the same meaning as given in § 42-2061(1).

(3) "Limited-Equity cooperative" or "LEC" shall have the same meaning as in § 47-802(11).

(Feb. 23, 2023, D.C. Law 24-243, § 2, 69 DCR 15091.)

Applicability

Section 7283 of D.C. Law 25-217 repealed section 6 of D.C. Law 24-243 removing the applicability provision impacting this section. Therefore the creation of this section by section 6 of Law 24-243 has been implemented.

Section 7283 of D.C. Act 25-506 repealed section 6 of D.C. Law 24-243 removing the applicability provision impacting this section. Therefore the creation of this section by section 6 of Law 24-243 has been implemented.

Applicability of D.C. Law 24-243: § 6 of D.C. Law 24-243 provided that the creation of this section by § 2 of D.C. Law 24-243 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.