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Current through October 23, 2012
(a) The Mayor shall audit the Program annually.
(b)(1) Within 90 days after the close of each fiscal year, the Chief Financial Officer shall submit to the Council and the Advisory Board a report, 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.
(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.)
HISTORICAL AND STATUTORY NOTES
Effect of Amendments
D.C. Law 14-307, in subsec. (b)(1), inserted "and the Advisory Board" after "Council".
Emergency Act Amendments
For temporary (90 day) amendment of section, see § 2402(j) of Fiscal Year 2003 Budget Support Amendment Emergency Act of 2002 (D.C. Act 14-544, December 4, 2002, 49 DCR 11700).
For temporary (90 day) amendment of section, see § 2402(j) of the Fiscal Year 2003 Budget Support Amendment Congressional Review Emergency Act of 2003 (D.C. Act 15-27, February 24, 2003, 50 DCR 2151).
For temporary (90 day) amendment of section, see § 2402(j) of Fiscal Year 2003 Budget Support Amendment Second Congressional Review Emergency Act of 2003 (D.C. Act 15-103, June 20, 2003, 50 DCR 5499).
Legislative History of Laws
For Law 13-212, see notes under § 47-4501.
For Law 14-307, see notes following § 47-903.
