The Mayor shall establish in the executive branch an office to be known as the Opportunity Account Office. The office shall:

1. (1) Provide eligible families and individuals with an opportunity to establish opportunity accounts;
2. (2) Provide that the opportunity account shall be established by an approved financial institution and administered by an approved organization;
3. (3) Provide incentives to encourage participation in the program; and
4. (4) Require that money deposited into an opportunity account shall be used only for approved purposes.

History

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

Section References

This section is referenced in § 1-307.61.