Disposition of monies collected.
All monies collected under this chapter shall be deposited in the Treasury of the District of Columbia to the credit of the General Fund; provided, that 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802; and provided further that 85% of the monies collected from 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 [§ 1-325.181].
Annotations
Sept. 13, 1980, D.C. Law 3-92, § 419, 27 DCR 3390 enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575 Apr. 19, 2002, D.C. Law 14-114, § 502(a), 49 DCR 1468 Apr. 8, 2011, D.C. Law 18-368, § 7, 58 DCR 991 D.C. Law 18-368 substituted “Trust Fund established by § 42-2802; and provided further that 85% of the monies collected from 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 § 1-325.181 ” for “Trust Fund established by § 42-2802”. D.C. Law 14-114 substituted “General Fund; provided, that 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802” for “General Fund”. 1981 Ed., § 47-919.
Sourced from the DC Council Open Law Library (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.