District of Columbia Code Division I. Government of District. § 2-1227.05. Walter Reed Reinvestment Fund.

(1) Proceeds that are used to pay the Army consideration due under the EDC Agreement; and

(2) Funds received from the Developer to reimburse the District for payments to the Army made pursuant to the EDC Agreement.

(1) To support job creation and economic development of, or related to, the Walter Reed Redevelopment Site, including to pay for:

(2) For other purposes permitted by the EDC Agreement; and

(3) To make payments due to the Army required under the EDC Agreement during the first 7 years after the date the District acquires the Walter Reed Redevelopment Site from the Army and thereafter for the purposes stated in this section and the economic development goals or activities of the District.

(e)(1) The money deposited into the Fund, and interest earned, 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 Fund shall be continually available without regard to fiscal year limitation.