§ 42-1122. Collected moneys to be deposited in United States Treasury.

Current through October 23, 2012

All moneys collected under this chapter shall be deposited in the Treasury of the United States to the credit of the General Fund of the District of Columbia.; provided, that 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42- 2802.

                
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(Mar. 2, 1962, 76 Stat. 17, Pub. L. 87-408, title III, § 322; Apr. 19, 2002, D.C. Law 14-114, § 502(b), 49 DCR 1468; Mar. 13, 2004, D.C. Law 15- 105, § 74(b), 51 DCR 881.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 45-942.

1973 Ed., § 45-742.

Effect of Amendments

D.C. Law 14-114 substituted "General Fund of the District of Columbia; provided, that 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802" for "General Fund of the District of Columbia".

D.C. Law 15-105 validated previously made technical corrections.

Legislative History of Laws

Law 14-114, the "Housing Act of 2002", was introduced in Council and assigned Bill No. 14-183, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on December 4, 2001, and January 8, 2002, respectively. Signed by the Mayor on February 6, 2002, it was assigned Act No. 14-267 and transmitted to both Houses of Congress for its review. D.C. Law 14-114 became effective on April 19, 2002.

For Law 15-105, see notes following § 42-407.