§ 1-307.62. Establishment of Opportunity Account Office.

Current through October 23, 2012

The Mayor shall establish in the executive branch an office to be known as the Opportunity Account Office. The office shall:

(1) Provide eligible families and individuals with an opportunity to establish opportunity accounts;

(2) Provide that the opportunity account shall be established by an approved financial institution and administered by an approved organization;

(3) Provide incentives to encourage participation in the program; and

(4) Require that money deposited into an opportunity account shall be used only for approved purposes.

                
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(Apr. 3, 2001, D.C. Law 13-266, § 3, 48 DCR 1240.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 13-266, see notes following § 1-307.61.