D.C. Code § 1-307.62

Establishment of Opportunity Account Office

Apr. 3, 2001, D.C

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.

Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.