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District of Columbia Code Division VI. Education, Libraries, and Cultural Institutions. § 38-1251.01. University of the District of Columbia Debt Collection Fund.

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

(a) There is established as a special fund the University of the District of Columbia Debt Collection Fund (“Fund”), which shall be administered by the University of the District of Columbia in accordance with subsection (c) of this section.

(b) The fund shall consist of the revenue from the collection of unpaid student tuition, student fees, and student loans by the Central Collection Unit in accordance with subchapter XVII of Chapter 3 of Title 1.

(c) The Fund shall be used for expenses associated with the operations of the University of the District of Columbia.

(d)(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 by Congress, any funds appropriated in the Fund shall be continually available without regard to fiscal year limitation.

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Cite this article: FindLaw.com - District of Columbia Code Division VI. Education, Libraries, and Cultural Institutions. § 38-1251.01. University of the District of Columbia Debt Collection Fund. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-vi-education-libraries-and-cultural-institutions/dc-code-sect-38-1251-01/

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