(1) “Arena Stage project” means the planning, development, acquisition, and construction of theater facilities and ancillary facilities to be located at 1101 6th Street, S.W., Washington, D.C. (Square 472, Lot 123).
(2) “Eligible organization” means an organization with real property described in § 47-1002(6), (7), (10), or (19) that has a signed lease for at least 10 years to carry out the purposes described in those paragraphs.
(3) “Capital costs” means the costs of materials and supplies for the construction, rehabilitation, renovation, or preparation of architectural or engineering plans for a physical facility located in the District.
(5) “Economic assistance” means a loan, grant, investment, or other form of expenditure of District monies.
§ 39–402. Authorization to provide public support for arts, cultural, and educational facilities. [Repealed]
Repealed.
§ 39–402.01. Continuing authorization to provide public support.
Subject to the appropriation of funds or the identification of legally available funds, the Mayor may provide economic assistance to pay all or a portion of the capital costs incurred by a project approved by the Council prior to November 1, 2009.
§ 39–403. Economic assistance to Arena Stage.
(a) The Council finds that the Washington Drama Society is an eligible organization, and that the Arena Stage Project will contribute to the redevelopment of the southwest waterfront and provide financial, economic, educational, and cultural benefits to the residents of the District.
(b) Subject to the appropriation of funds or the identification of legally available funds, the Mayor is authorized to provide economic assistance to the Washington Drama Society for the Arena Stage Project in an amount not to exceed $20 million.
§ 39–404. Rulemaking.
The Mayor shall promulgate rules and regulations, pursuant to Chapter 5 of Title 2, setting forth the criteria and standards for providing economic assistance under this chapter.
§ 39–405. Report to Council.
Within 45 days after the end of each fiscal year, the Mayor shall submit to the Council a report that states in detail the amount of economic assistance provided under this chapter during the preceding fiscal year, and names the recipients of the economic assistance and their uses of that assistance.