Upon dissolution, liquidation, or other termination of the Authority:
(1) All rights and properties of the Authority shall pass to and be vested in the District, subject to the rights of lien holders and other creditors;
(2) Any net earnings of the Authority, beyond that necessary for retirement of any indebtedness or to implement a public purpose or program of the District authorized under this chapter, shall not inure to the benefit of any person other than the District;
(3) The expenditure of any net earnings shall be restricted to costs related to the direct delivery of health care to residents of the District.
(Mar. 2, 2012, D.C. Law 19-94, § 16, 59 DCR 213.)
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 31D - Health Benefit Exchange
§ 31–3171.02. Establishment and purpose
§ 31–3171.03. District of Columbia Health Benefit Exchange Authority Fund
§ 31–3171.04. Authority duties and powers
§ 31–3171.05. Executive board establishment and membership
§ 31–3171.06. Powers and duties of executive board
§ 31–3171.08. Executive director and Authority staff
§ 31–3171.09. Health benefit plan certification
§ 31–3171.09a. Distribution of individual and small group health benefit plans
§ 31–3171.09b. Sale, solicitation, and negotiation by insurance producers
§ 31–3171.10. Conflicts of interest
§ 31–3171.12. Limitation of liability
§ 31–3171.13. Relation to other laws
§ 31–3171.14. Powers of the Mayor
§ 31–3171.15. Dissolution of the Authority