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The DC Code: § 1-307.71 Use of reserve funds for administrative expenses.

Index1 Government Organization. (Refs & Annos)
a
No more than 20% of the funds in the opportunity account reserve fund account shall be used for administrative costs of the opportunity account program during either of the first 2 years of an opportunity account program. No more than 15% of the funds in the opportunity account reserve fund account may be used for administrative costs during any subsequent year.
b
Funds deposited by account holders shall not be used for administrative costs.

Historical and Statutory

Legislative History of Laws For Law 13-266, see notes following § 1-307.61. DC CODE § 1-307.71 Current through December 11, 2012

Credits

(Apr. 3, 2001, D.C. Law 13-266, § 12, 48 DCR 1240.)