Public Incentive Transparency and Accountability Act of 2024

The Public Incentive Transparency and Accountability Act of 2024 requires District agencies to closely monitor recipients of public funds, such as grants, tax breaks, and contracts, to ensure they meet agreed-upon goals. If an entity fails to fulfill these terms, the bill establishes a process for the government to recover the unearned money and mandates that both the government and recipients keep detailed records for five years after the agreement ends. The legislation also creates a formal appeals system where recipients can challenge a decision to recapture funds through an administrative hearing. Additionally, the Mayor must submit regular reports to the Council detailing how much money has been recovered and from which organizations.