(a) On or before July 15, 1994, each feepayer shall remit to the Mayor a special public safety fee which shall be based upon the annual District gross receipts of a feepayer for the feepayer’s preceding fiscal year.
(1) For the fiscal year beginning October 1, 1994, and each fiscal year thereafter until, and including, October 1, 2000, each feepayer shall remit to the Mayor, on or before June 15, a fee that shall be based upon the annual District gross receipts of a feepayer for the feepayer’s preceding tax year and computed according to the fee schedule provided in subsection (b) of this section.
(A) For purposes of this subsection, a feepayer that is exempt from taxation pursuant to § 47-1802.01 shall not be subject to the fee unless, as provided under § 47-1802.01 the feepayer has unrelated business income.
(B) If such feepayer exempt from taxation has unrelated business income, the feepayer shall remit to the Mayor the fee based upon the feepayer’s annual District gross receipts that were associated with the feepayer’s unrelated business income for the feepayer’s preceding fiscal year.
(3) Except as provided in paragraph (4) of this subsection, the Mayor shall collect the fee that shall be remitted pursuant to paragraph (1) of this subsection as agent on behalf of the Redevelopment Land Agency or such other District government agency or instrumentality designated by the Mayor and shall transfer the fee to the Redevelopment Land Agency or such other District government agency or instrumentality designated by the Mayor, to be used as follows:
(A) As a first priority, to finance the reimbursement of any fund of the General Fund of the District government, including, but not limited to, the Rainy Day Fund established in Fiscal Year 1995, which has been the source of any loan, reprogramming, or transfer of funds to any District government agency or instrumentality for reasonable, necessary, and verified predevelopment and developments costs that have been borne by such District agency or instrumentality for a downtown sports and entertainment arena;
(B) To finance the reimbursement of any District government agency or instrumentality for any and all reasonable, necessary, and verified predevelopment and development costs that are borne by such District government agency or instrumentality for a downtown sports and entertainment arena;
(C) To finance the demolition of buildings located on the future site of the downtown sports and entertainment arena and the relocation and housing of District employees from those buildings;
(D) To finance the acquisition of real property that will serve as the site for a downtown sports and entertainment arena; and
(E) To finance any other costs of the District government associated with the development of a downtown sports and entertainment arena.
(A) The Redevelopment Land Agency, or such other District government agency or instrumentality which has been designated by the Mayor and about which the Mayor shall provide written notice to the Council prior to such designation, is authorized to be the agency which may pledge and create a perfected security interest in the fee that is remitted pursuant to paragraph (1) of this subsection for debt service payment on a term loan or other financing mechanism that is used for the purposes set forth in paragraph (3) of this subsection; provided, that such borrowing or other financing is consistent with the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 777; § 1-201.01 et seq.), and the laws of the District of Columbia.
(B) The Mayor shall provide the Council with the following information associated with the downtown sports and entertainment arena:
(i) A copy of any term sheet, loan commitment, and any other obligation executed by the Redevelopment Land Agency or any District government agency or instrumentality to finance the District government’s costs associated with the development of a downtown sports and entertainment arena;
(ii) A copy of each contract executed by the Redevelopment Land Agency, or any District government agency or instrumentality, for goods or services associated with the development of a downtown sports and entertainment arena; and
(iii) On or before July 1, 1995, and every 6 months thereafter, a biannual report which provides an accounting and itemization of all financial obligations and expenditures of the District government, and all revenues generated to the District government, associated with the development of a downtown sports and entertainment arena.
(b) Except as provided in subsection (b-1) of this section, the amount of the fee shall be computed according to the following schedule:
(1) Each feepayer with annual District gross receipts of $2,000,000 to $3,000,000 shall pay $1,000;
(2) Each feepayer with annual District gross receipts of $3,000,001 to $10,000,000 shall pay $3,300;
(3) Each feepayer with annual District gross receipts of $10,000,001 to $15,000,000 shall pay $6,500; and
(4) Each feepayer with annual District gross receipts over $15,000,000 shall pay $11,000.
(b-1) The amount of the fee to be remitted on or before June 15, 2001 shall be computed according to the following schedule:
(1) Each feepayer with annual District gross receipts of $2 million to $3 million shall pay $1,300;
(2) Each feepayer with annual District gross receipts of $3,000,001 to $10 million shall pay $4,325;
(3) Each feepayer with annual District gross receipts of $10,000,001 to $15 million shall pay $8,500; and
(4) Each feepayer with annual District gross receipts over $15 million shall pay $14,250.
(c) Repealed.