*NOTE: This section includes amendments by emergency legislation that will expire on January 15, 2023. To view the text of this section after the expiration of all emergency and temporary legislation affecting this section, click this link: Permanent Version.*
(a) By March 1 of each year, the Chief Financial Officer shall submit a report to the Council for the preceding fiscal year that includes:
(1) The aggregate amount of funds in the CTF Program;
(2) An aggregated list of the purposes for which distributed funds were used;
(3) The amount of money in the Fund gained by investments;
(4) The amount of money in the Fund decreased by investment loss;
(5) The amount of money in the Fund decreased by administrative costs; and"
(6) Recommendations for improving the CTF Program.
(b) By March 1 of each year, the Department of Human Services shall submit a report to the Council for the preceding fiscal year that includes:
(1) The number of eligible children in the CTF Program;
(2) The race or ethnicity of each eligible child, where possible; and
(3) Recommendations for improving the CTF Program.
(Feb. 18, 2022, D.C. Law 24-53, § 8, 68 DCR 013227; Oct. 17, 2022, D.C. Act 24-560, § 2(f), 0 DCR 0.)
For temporary (90 days) amendment of this section, see § 2(f) of Child Wealth Building Emergency Amendment Act of 2022 (D.C. Act 24-560, Oct. 17, 2022, 0 DCR 0).
For temporary (90 days) creation of this section, see § 8 of Child Wealth Building Congressional Review Emergency Act of 2021 (D.C. Act 24-239, Dec. 13, 2021, 68 DCR 013489).
For temporary (90 days) creation of this section, see § 8 of Child Wealth Building Emergency Act of 2021 (D.C. Act 24-196, Oct. 1, 2021, 68 DCR 011607).