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The DC Code: § 1-350.04 Delinquent Debt Fund.

Index1 Government Organization. (Refs & Annos)

There is established within the General Fund of the District of Columbia a special nonlapsing fund known as the Delinquent Debt Fund ("Fund"). Funds allocated to the Central Collection Unit through the District's annual Budget and Financial Plan, all delinquent debts collected by the Central Collection Unit, and all fees authorized by § 1-350.03 shall be deposited into the Fund; provided, that any funds deposited in the Fund before the then-current fiscal year, including any interest earned on such funds before the then-current fiscal year, the money remaining in the Fund after the payment of all costs and expenses accrued before the then-current fiscal year, less 10% of such remainder, which shall be retained as a reserve operating balance, shall be transferred or revert to the General Fund of the District of Columbia. All funds deposited in the Fund shall be administered and used by the Central Collection Unit, subject to appropriation by Congress, to conduct the authorized activities of the Central Collection Unit.

Historical and Statutory

Legislative History of Laws For history of Law 19-168, see notes under § 1-350.01. DC CODE § 1-350.04 Current through December 11, 2012

Credits

(Sept. 20, 2012, D.C. Law 19-168, § 1045, 59 DCR 8025.)