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District of Columbia Code Division I. Government of District. § 5-525.01. Fire and Emergency Medical Services Overtime Settlement Fund.

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

(a) There is established as a special fund the Fire and Emergency Medical Services Overtime Settlement Fund (“Fund”), which shall be administered by the Office of the City Administrator in accordance with subsection (c) of this section.

(b)(1) Subject to paragraph (2) of this subsection, there shall be deposited into the Fund:

(A) Excess Fiscal Year 2015 revenues certified by the Chief Financial Officer in the June 2015 quarterly revenue estimate; and

(B) Immediately upon completion of the fiscal year-end close, the undesignated and unreserved end-of-the-year fund balance of the General Fund of the District of Columbia.

(2) The Chief Financial Officer shall deposit into the Fund only the amount necessary to fully satisfy the District's obligations referenced in subsection (c) of this section. Any excess above that amount shall be deposited into the unrestricted fund balance of the General Fund of the District of Columbia, subject to any allocation required by § 47-392.02.

(c) The Fund shall be used to pay the District's obligations arising from the decision of the District of Columbia Court of Appeals in District of Columbia Fire and Emergency Medical Services Department v. District of Columbia Public Employee Relations Board, et al., 105 A.3d 992 (D.C. 2014).

(d) 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.

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Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 5-525.01. Fire and Emergency Medical Services Overtime Settlement Fund. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-5-525-01/

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