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District of Columbia Code Division I. Government of District. § 10-1605. Stadium Maintenance Fund.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) There is established as a special fund the Stadium Maintenance Fund, which shall be administered by the Mayor, or any District instrumentality or authority designated by the Mayor, in accordance with subsection (c) of this section.

(b) Excess Stadium Revenue Funds, as provided in § 10-1605.09(d), shall be deposited into the Stadium Maintenance Fund.

(c) Money in the Stadium Maintenance Fund shall be used to pay maintenance, repair, and capital expenses of the Stadium.  Any maintenance, repair, and capital expenses in excess of available funds in the Stadium Maintenance Fund shall be the responsibility of the Developer.

(d)(1) The money deposited into the Stadium Maintenance Fund shall not revert to the unrestricted 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 Stadium Maintenance Fund shall be continually available without regard to fiscal year limitation.

(e) The Mayor shall submit to the Council an annual report of the funds deposited in and expended from the Stadium Maintenance Fund.

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Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 10-1605. Stadium Maintenance Fund. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-10-1605-10/

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