The Mayor shall establish in the executive branch an office to be known as the Opportunity Account Office. The office shall:
- Provide eligible families and individuals with an opportunity to establish opportunity accounts;
- Provide that the opportunity account shall be established by an approved financial institution and administered by an approved organization;
- Provide incentives to encourage participation in the program; and
- Require that money deposited into an opportunity account shall be used only for approved purposes.
Historical and Statutory
Legislative History of Laws
For Law 13-266, see notes following § 1-307.61.
DC CODE § 1-307.62
Current through December 11, 2012
(Apr. 3, 2001, D.C. Law 13-266, § 3, 48 DCR 1240.)