Section 47-857.09 - Tax abatements for new residential developments - Abatement caps(a) The Mayor may approve up to $2.5 million in annual tax abatements under §§ 47-857.03 and 47-857.05; provided, the Mayor may approve only up to $500,000 in annual tax abatements in fiscal year 2003.(b) The Mayor may approve up to $2 million in annual tax abatements under §§ 47-857.04 and 47-857.06.(c) The Mayor may approve up to $3.5 million in annual tax abatements under §§ 47-857.07 and 47-857.08; provided, that $500,000 shall be reserved for properties in eligible area #4.Apr. 19, 2002, D.C. Law 14-114, § 601(b), 49 DCR 1468; Oct. 1, 2002, D.C. Law 14-190, § 1103(a), 49 DCR 6968; Mar. 6, 2007, D.C. Law 16-226, § 2(d), 53 DCR 10238.Section 1103(b) of D.C. Law 14-190 provided: "Funds sufficient for the implementation of this section shall be transferred from the Housing Production Trust Fund to the General Fund."