District of Columbia Code
Subchapter IV - Special Programs
Part D - Opportunity Accounts

§ 1–307.61. Definitions - For the purposes of this part, the term: (1) “Account...

§ 1–307.62. Establishment of Opportunity Account Office - The Mayor shall establish in the executive branch an office...

§ 1–307.63. Solicitation and consideration of proposals by organizations to administer opportunity account programs - (a) The Mayor shall solicit proposals from private organizations to...

§ 1–307.64. Responsibilities of administering organization - An administering organization shall: (1) Administer opportunity accounts in accordance...

§ 1–307.65. Financial institution establishment of opportunity accounts - (a) A financial institution shall not establish an opportunity account...

§ 1–307.66. Eligibility to open an opportunity account; account limit - (a) An individual whose household income does not exceed 85%...

§ 1–307.67. Matching funds and return of matching funds; tax exemption - (a) The administering organization shall deposit into a matching funds...

§ 1–307.68. Use of opportunity account funds - (a) An account holder may withdraw his or her opportunity...

§ 1–307.69. Emergency withdrawal - (a) An account holder may make an emergency withdrawal of...

§ 1–307.70. Disposition upon death - (a) An account holder shall designate in writing a contingent...

§ 1–307.71. Use of reserve funds for administrative expenses - (a) No more than 20% of the funds in the...

§ 1–307.72. Exclusion of opportunity account funds from public assistance program calculations - Funds in an opportunity account, including accrued interest, shall not...

§ 1–307.73. Rulemaking - The Mayor shall promulgate rules, in accordance with subchapter I...

§ 1–307.74. Report to Council - The Mayor shall provide a comprehensive report on the costs...