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District of Columbia Code Division VIII. General Laws. § 50-921. Transportation Initiatives Fund.

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

(a) There is established as a special fund the Transportation Initiatives Fund (“Fund”), which shall be administered by the Director of the Department of Transportation in accordance with subsection (b-1) of this section.

(b) All revenue from the following shall be deposited into the Fund:

(1) Fines from the enforcement of truck safety and size, weight, and noise regulations;

(2) Advertisements on multispace parking meter receipts;

(3) Repealed.

(4) Public inconvenience fees, described in 24 DCMR § 225.1(c);

(5) Fees related to car sharing after the first $270,000 in revenue per fiscal year.

(6) Loading zone management program revenue, including:

(A) The commercial permit parking pass revenue;

(B) Commercial permit parking fees;  and

(C) Other related citations and fines; and

(7) Repealed.

(8) Matching funds from private nonprofit organizations for the 5310 Program pursuant to § 50-921.03(f).

(b-1) Money in the Fund shall be used to pay for goods, services, property, capital improvements, or for any other permitted purpose as authorized by §§ 50-921.02(f) and 50-921.04 and to pay into the Highway Trust Fund.

(c) Any money remaining available in the Fund at the end of a fiscal year, as determined by the Chief Financial Officer in the fiscal year-end close, shall be transferred to the unassigned fund balance of the General Fund of the District of Columbia as part of the fiscal year-end close.

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Cite this article: FindLaw.com - District of Columbia Code Division VIII. General Laws. § 50-921. Transportation Initiatives Fund. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-viii-general-laws/dc-code-sect-50-921-13/

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