Section 42-2853.02 - Low-Income Housing Tax Credit Fund(a) There is hereby established a lapsing fund known as the Low-Income Housing Tax Credit Fund ("Fund"). All monies received shall be used for the uses and purposes set forth in this chapter, subject to authorization by the Council and Congress. Any unexpended monies in the Fund shall revert to the unrestricted fund balance of the General Fund of the District of Columbia.(b) Money in the Fund shall be expended by the Department only for administrative costs and for the audit required under subsection (c) of this section.(c) All income and expenses of the Fund shall be audited annually by the Mayor. The audit report shall be submitted to the Council. The expenses for each audit shall be paid by the Fund.Apr. 8, 2005, D.C. Law 15-299, § 3, 52 DCR 1502; Sept. 14, 2011, D.C. Law 19-21, § 9030, 58 DCR 6226.