§ 39-205.01. Arts and Humanities Enterprise Fund; establishment; accounting; investment.

Current through October 23, 2012

(a) There is established the Arts and Humanities Enterprise Fund ("Fund") to be operated by the Commission.

(a-1) There shall be deposited into the Fund:

(1) Private donations, gifts, and grants; and

(2) Proceeds of the sale or loan of works of arts, prints, and promotional items.

(b) The monies in the Fund shall not be a part of, nor lapse into, the General Fund of the District or any other fund of the District.

(c) By October 1st of each year, the Commission shall publish in the District of Columbia Register and in a report submitted to the Council, a specific accounting of how monies in the Fund were expended and any remaining balance. The accounting shall include the following:

(1) The name of any donors or anonymous contributions;

(2) The amounts of each contribution;

(3) A description of any donated property; and

(4) Identification of the programs or recreation centers where the funds have been expended.

(d) Proceeds in the Fund may be expended for the administration, improvement, and maintenance of property and programs managed by the Commission.

(e) Proceeds in the Fund may be invested in a prudent and reasonable manner consistent with applicable District government policies and procedures.

                
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(Oct. 21, 1975, D.C. Law 1-22, § 6a, as added Jan. 31, 1998, D.C. Law 12- 42, § 2(c), 44 DCR 5577; Apr. 20, 1999, D.C. Law 12-264, § 29, 46 DCR 2118; Sept. 24, 2010, D.C. Law 18-223, § 2002(b), 57 DCR 6242.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 31-2005.1.

Effect of Amendments

D.C. Law 18-223 added subsec. (a-1).

Emergency Act Amendments

For temporary (90 day) amendment of section, see § 2002(b) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).

Legislative History of Laws

For legislative history of D.C. Law 12-42, see Historical and Statutory Notes following § 39-202.

Law 12-264, the "Technical Amendments Act of 1998," was introduced in Council and assigned Bill No. 12-804, which was referred to the Committee of the Whole. The Bill was adopted on first and second readings on November 10, 1998, and December 1, 1998, respectively. Signed by the Mayor on January 7, 1999, it was assigned Act No. 12-626 and transmitted to both Houses of Congress for its review. D.C. Law 12-264 became effective on April 20, 1999.

For Law 18-223, see notes following § 39-204.