D.C. Code § 1-307.62

Current through codified legislation effective September 18, 2024

Section 1-307.62 - Establishment of Opportunity Account Office

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.

D.C. Code § 1-307.62

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