Competition for banking business.
(a)Except as otherwise provided by §§ 47-351.09 ,…#
(a) Except as otherwise provided by §§ 47-351.09 , 47-351.10 , and 47-351.11 , the Mayor, or the CFO pursuant to § 47-351.02(c) , shall select eligible financial institutions with which to conduct the banking business of the District based on the highest composite score for a bid. If 2 or more eligible financial institutions receive the highest composite score, the Mayor, or the CFO pursuant to § 47-351.02(c) , shall select the eligible financial institution with the highest community development score calculated under § 47-351.07 .
(b)The Mayor, or the CFO pursuant to § 47-351.02(c) ,…#
(b) The Mayor, or the CFO pursuant to § 47-351.02(c) , shall calculate the composite score of an eligible financial institution in the following manner:
(1) Eighty percent based upon a financial score, calculated under § 47-351.06 ; and
(2) Twenty percent based upon a community development score, calculated under § 47-351.07 .