D.C. Code § 1-807.01

Current through codified legislation effective September 18, 2024

Section 1-807.01 - Creation of Trust Fund

(a)Establishment. - There is established on the books of the Treasury the District of Columbia Federal Pension Liability Trust Fund, consisting of the assets transferred pursuant to § 1-807.03 and any income earned on the investment of such assets pursuant to subsection (b) of this section.

(b)Investment of assets. - The Trustee may invest the assets of the Trust Fund in private securities and any other form of investment deemed appropriate by the Secretary.

D.C. Code § 1-807.01

Aug. 5, 1997, 111 Stat. 723, Pub. L. 105-33, § 11031.

Payment of attorney fees: Section 130 of Pub. L. 105-277, 112 Stat. 2681-138, provided that "none of the funds contained in this Act may be made available to pay the fees of an attorney who represents a party who prevails in an action, including an administrative proceeding, brought against the District of Columbia Public Schools under the Individuals with Disabilities Education Act ( 20 U.S.C. 1400 et seq.) if: (1) the hourly rate of compensation of the attorney exceeds the hourly rate of compensation under § 11-2604(a), or (2) the maximum amount of compensation of the attorney exceeds the maximum amount of compensation under § 11-2604(b)(1), except that compensation and reimbursement in excess of such maximum may be approved for extended or complex representation in accordance with § 11-2604(c)."