The District of Columbia Boards and Commissions Financial Reporting Emergency Amendment Act of 2025 amends section 5710 of Title 3 of the District of Columbia Municipal Regulations to clarify the applicability date for expanded financial reporting requirements for certain boards and commissions. Specifically, the bill states that the reporting requirements will not apply before April 3, 2026, as indicated by the new legal language inserted into section 5710.3.
This emergency legislation is designed to ensure that the affected boards and commissions have a clear timeline for compliance with the new financial reporting standards. The act will take effect upon approval by the Mayor and will remain in effect for no longer than 90 days, in accordance with the provisions for emergency acts outlined in the District of Columbia Home Rule Act.