62. Establishment of Opportunity Account Office. The Mayor shall establish in the executive branch an office to be known as the Opportunity Account Office. The office shall: (1) Provide eligible families and individuals with an opportunity to establish opportunity accounts; (2) Provide that the opportunity account shall be established by an approved financial institution and administered by an approved organization; (3) Provide incentives to encourage participation in the program; and (4) Require that money deposited into an opportunity account shall be used only for approved purposes. (Apr. 3, 2001, D.C. Law 13-266, § 3, 48 DCR 1240.) Section References This section is referenced in § 1-307.61.
District of Columbia Legal Code