District of Columbia Code Division I. Government of District. § 1-301.86e. Tenant Receivership Abatement Fund.
Current as of January 01, 2020 | Updated by FindLaw Staff
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(a) There is established as a special fund the Tenant Receivership Abatement Fund (“Fund”), which shall be administered by the Attorney General in accordance with subsections (b) and (c) of this section.
(b)(1) Funds from the following sources shall be deposited into the Fund:
(A) Funds from the Attorney General Restitution Fund, which the Attorney General may use to supply initial funding for, and to from time to time to replenish, the Fund; and
(B) All funds recovered from owners under § 42-3651.06(j)(2); except, that when the deposit of such funds into the Fund would cause the Fund balance to exceed $2 million, the excess of such funds instead shall be deposited into the Litigation Support Fund established by section 106b.
(2) Amounts on deposit in the Fund shall not exceed $2 million.
(c) Money in the Fund shall be used to comply with orders issued by the Superior Court under § 42-3651.06(j).
(d)(1) Except as provided in subsection (b)(2) of this section, the money deposited into the Fund but not expended in a fiscal year shall not revert to the unassigned fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time.
(2) Subject to authorization in an approved budget and financial plan, any funds appropriated in the Fund shall be continually available without regard to fiscal year limitation.
Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 1-301.86e. Tenant Receivership Abatement Fund. - last updated January 01, 2020 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-1-301-86e/
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