District of Columbia § 47-4512 Audit of Program.

District of Columbia Statutes

§ 47-4512 — Audit of Program.

District of Columbia § 47-4512

Title 47Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

Ch. 45College Savings Program.

This text of District of Columbia § 47-4512 (Audit of Program.) 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 § 47-4512 (2026).

Text

(a)The Mayor shall audit the Program annually.

(1)By May 31st of each year, the Chief Financial Officer shall submit to the Council a report for the preceding fiscal year, which shall include:

(A)The Mayor’s audit report for the year;

(B)A financial accounting of the Program, including:

(i)The operating and administrative budget for the Program, which shall include a complete list of revenue sources and expenditures detailing the line-item expenditures;

(ii)The number of accounts entered into during the previous fiscal year;

(iii)Efforts by the Chief Financial Officer in marketing the Program; and

(iv)Any recommendations of the Chief Financial Officer concerning the operation of the Program.

(2)The Chief Financial Officer shall make avai

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(a) The Mayor shall audit the Program annually.

(1) By May 31st of each year, the Chief Financial Officer shall submit to the Council a report for the preceding fiscal year, which shall include:

(A) The Mayor’s audit report for the year;

(B) A financial accounting of the Program, including:

(i) The operating and administrative budget for the Program, which shall include a complete list of revenue sources and expenditures detailing the line-item expenditures;

(ii) The number of accounts entered into during the previous fiscal year;

(iii) Efforts by the Chief Financial Officer in marketing the Program; and

(iv) Any recommendations of the Chief Financial Officer concerning the operation of the Program.

(2) The Chief Financial Officer shall make available to each account owner a copy of a summary of the report and the option to purchase the full report at a nominal charge.

Legislative History

Mar. 31, 2001, D.C. Law 13-212, § 2(b), 47 DCR 9457; June 5, 2003, D.C. Law 14-307, § 2402(j), 49 DCR 11664; May 2, 2015, D.C. Law 20-271, § 267(c), 62 DCR 1884