Section 42-1122 - Depositing collected money.All monies collected under this title shall be deposited in the General Fund; except, that:
(a) In fiscal years ending before October 1, 2023: (1) 15% of the monies collected under this title shall be deposited into the Housing Production Trust Fund established by section 3 of the Housing Production Trust Fund Act of 1988, effective March 16, 1989 (D.C. Law 7-202; D.C. Official Code § 42-2802) ("Housing Production Trust Fund"); and(2) 85% of the monies collected under this title for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund established by section 4 of the West End Parcels Development Omnibus Act of 2010, effective April 8, 2011 (D.C. Law 18-368; D.C. Official Code § 1-325.181) ("West End Library and Fire Station Maintenance Fund");(b) In Fiscal Years 2024, 2025, 2026, and 2027: (1) The lesser of the following amounts shall be deposited in the Housing Production Trust Fund:(A) 15% of the monies collected under this title; or(B) 102% of the amount deposited into the Housing Production Trust Fund in the prior fiscal year pursuant to this section; and(2) 85% of the monies collected under this title for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund; and(c) In fiscal years beginning on or after October 1, 2027: (1) 15% of the monies collected under this title shall be deposited into the District of Columbia Housing Authority capital project DEVELOPMENT AND REHABILITATION-DCHA;(2) 15% of the monies collected under this title shall be deposited into the Housing Production Trust Fund; and(3) 70% of the monies collected under this title for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund.Amended by D.C. Law 25-50, § II-S-2182, 70 DCR 010366, eff. 9/6/2023.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.