§ 42.1122

Depositing collected money. All monies collected under this chapter shall be deposited in the General Fund; except, that: (a) In fiscal years ending before October 1, 2023: (1) 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802 ('Housing Production Trust Fund'); and (2) 85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund established by § 1-325.181 ('West End Library and Fire Station Maintenance Fund'); (b) In Fiscal Year 2024 and each fiscal year thereafter: (1) The lesser of the following amounts shall be deposited in the Housing Production Trust Fund: (A) 15% of the monies collected under this chapter; or (B) 102% of the amount deposited into the Housing Production Trust Fund in the prior fiscal year pursuant to this section; and (2) 85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square

ed into the Housing Production Trust Fund in the prior fiscal year pursuant to this section; and (2) 85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund; and (c) Repealed. (Mar. 2, 1962, 76 Stat. 17, Pub. L. 87-408, title III, § 322; Apr. 19, 2002, D.C. Law 14-114, § 502(b), 49 DCR 1468; Mar. 13, 2004, D.C. Law 15-105, § 74(b), 51 DCR 881; Sept. 6, 2023, D.C. Law 25-50, § 2182(b), 70 DCR 10366; Sept. 18, 2024, D.C. Law 25-217, § 7022, 71 DCR 9990.) Prior Codifications 1981 Ed., § 45-942. 1973 Ed., § 45-742. Effect of Amendments D.C. Law 14-114 substituted 'General Fund of the District of Columbia; provided, that 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802' for 'General Fund of the District of Columbia'. D.C. Law 15-105 validated previously made technical corrections.

er shall be deposited into the Housing Production Trust Fund established by § 42-2802' for 'General Fund of the District of Columbia'. D.C. Law 15-105 validated previously made technical corrections. Emergency Legislation For temporary (90 days) amendment of this section, see § 7022 of Fiscal Year 2025 Budget Support Emergency Act of 2024 (D.C. Act 25-506, July 15, 2024, 71 DCR 8406).