District of Columbia Statutes
§ 38-2001.02 — Annuity — Deposit in United States Treasury.
District of Columbia § 38-2001.02
JurisdictionDistrict of Columbia
Title 38Educational Institutions.
Ch. 20Retirement of Public School Teachers.
Subch. IRetirement Before June 30, 1946.
This text of District of Columbia § 38-2001.02 (Annuity — Deposit in United States Treasury.) 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 § 38-2001.02 (2026).
Text
The amount so deducted and withheld from the annual salary of every teacher shall be deposited in the Treasury of the United States and shall be credited, together with interest at 4% per annum, compounded annually, to an individual account of the teacher from whose salary the deduction is made, which account shall be kept by the Auditor of the District of Columbia. The fund thus created shall be held and invested by the Treasurer of the United States until paid out as hereinafter provided, and the income derived from such investments shall constitute a part of said fund for the purpose of carrying out the provisions of this subchapter.
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Legislative History
Jan. 15, 1920, 41 Stat. 387, ch. 39, § 2; June 11, 1926, 44 Stat. 727, ch. 556, § 1
Nearby Sections
15
§ 38-1001
Definitions.§ 38-1003
Accountability for funds received.§ 38-1011.02
Targeted Program areas.§ 38-1011.04
Sources of funding.§ 38-1011.05
Rules.§ 38-103
Annual estimates.§ 38-106
Removal of Superintendent.§ 38-107
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Bluebook (online)
District of Columbia § 38-2001.02, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/38-2001.02.