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The DC Code: § 1-307.62 Establishment of Opportunity Account Office.

Index1 Government Organization. (Refs & Annos)

The Mayor shall establish in the executive branch an office to be known as the Opportunity Account Office. The office shall:

1
Provide eligible families and individuals with an opportunity to establish opportunity accounts;
2
Provide that the opportunity account shall be established by an approved financial institution and administered by an approved organization;
3
Provide incentives to encourage participation in the program; and
4
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

Credits

(Apr. 3, 2001, D.C. Law 13-266, § 3, 48 DCR 1240.)