District of Columbia Statutes
§ 31-3171.15 — Dissolution of the Authority.
District of Columbia § 31-3171.15
This text of District of Columbia § 31-3171.15 (Dissolution of the Authority.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 31-3171.15 (2026).
Text
Upon dissolution, liquidation, or other termination of the Authority:
(1)All rights and properties of the Authority shall pass to and be vested in the District, subject to the rights of lien holders and other creditors;
(2)Any net earnings of the Authority, beyond that necessary for retirement of any indebtedness or to implement a public purpose or program of the District authorized under this chapter, shall not inure to the benefit of any person other than the District;
(3)The expenditure of any net earnings shall be restricted to costs related to the direct delivery of health care to residents of the District.
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Legislative History
Mar. 2, 2012, D.C. Law 19-94, § 16, 59 DCR 213
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 31-3171.15, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-3171.15.