(a) An individual whose household income does not exceed 85% of the District of Columbia median income may open an opportunity account.
(b) The total balance in an opportunity account, except interested earned on matching funds or funds deposited into the account by the account holder, shall not exceed $10,000.
(Apr. 3, 2001, D.C. Law 13-266, § 7, 48 DCR 1240.)
Structure District of Columbia Code
Title 1 - Government Organization
Chapter 3 - Specified Governmental Authority
Subchapter IV - Special Programs
§ 1–307.62. Establishment of Opportunity Account Office
§ 1–307.64. Responsibilities of administering organization
§ 1–307.65. Financial institution establishment of opportunity accounts
§ 1–307.66. Eligibility to open an opportunity account; account limit
§ 1–307.67. Matching funds and return of matching funds; tax exemption
§ 1–307.68. Use of opportunity account funds
§ 1–307.69. Emergency withdrawal
§ 1–307.70. Disposition upon death
§ 1–307.71. Use of reserve funds for administrative expenses
§ 1–307.72. Exclusion of opportunity account funds from public assistance program calculations