Depositing collected money.
Effective Sep 18, 2024Mar. 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; Sept. 6, 2023, D.C. Law 25-50, § 2182(b); Sept. 18, 2024, D.C. Law 25-217, § 7022
All monies collected under this chapter 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 chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802 ("Housing Production Trust Fund"); and
- (2) 85% of the monies collected under this chapter 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 § 1-325.181 ("West End Library and Fire Station Maintenance Fund");
(b) In Fiscal Year 2024 and each fiscal year thereafter:
(1) The lesser of the following amounts shall be deposited in the Housing Production Trust Fund:
- (A) 15% of the monies collected under this chapter; 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 chapter 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- (c) Repealed.
History
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
Sept. 6, 2023, D.C. Law 25-50, § 2182(b)
Sept. 18, 2024, D.C. Law 25-217, § 7022
Effect of Amendments
D.C. Law 15-105 validated previously made technical corrections.
D.C. Law 14-114 substituted “General Fund of the District of Columbia; 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 of the District of Columbia”.
Prior Codifications
1973 Ed., § 45-742.
1981 Ed., § 45-942.
Emergency Legislation
For temporary (90 days) amendment of this section, see § 7022 of Fiscal Year 2025 Budget Support Emergency Act of 2024 (D.C. Act 25-506, July 15, 2024, 71 DCR 8406).