§ 42-3502.03e — Rental Housing Registration Fund.

District of Columbia § 42-3502.03e

• Jurisdiction: District of Columbia
• Title 42: Real Property.
• Ch. 35: Rental Housing Generally.
• Subch. II: Rent Stabilization Program.

Text

(a) There is established as a special fund the Rental Housing Registration Fund ("Fund"), which shall be administered in accordance with subsections (c) and (d) of this section.

(b) Revenue from penalties charged to a housing provider pursuant to § 42-3502.05(f) shall be deposited into the Fund.

(c) Money in the Fund shall be used for developing and maintaining the database created by § 42-3502.03c(a) .

(d) While the Office of Tenant Advocate is developing and administering the database, it shall administer the Fund. The Office of Tenant Advocate shall transfer Fund administration to the Rent Administrator upon transferring administration and maintenance of the database to the Division pursuant to § 42-3502.03c(e-2) .

(1) The money deposited into the Fund 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 in an approved budget and financial plan, any funds appropriated in the Fund shall be continually available without regard to fiscal year limitation.

Legislative History

July 17, 1985, D.C. Law 6-10, § 203c [redesignated]