Source: https://development.code.dccouncil.us/dc/council/code/sections/6-1061.04.html
Timestamp: 2019-04-21 19:02:14+00:00

Document:
D.C. Law Library - § 6–1061.04. Authority to transfer moneys from the Housing Production Trust Fund and the industrial revenue bond special account.
↪ Subchapter III-A. Workforce Housing Production Program.
↪ Part A. Workforce Housing Land Trust Design and Implementation Plan.
↪ § 6–1061.04. Authority to transfer moneys from the Housing Production Trust Fund and the industrial revenue bond special account.
§ 6–1061.03. Approval of the Plan.
Part B. New Town at Capital City Market Development.
§ 6–1061.04. Authority to transfer moneys from the Housing Production Trust Fund and the industrial revenue bond special account.
(a) The Mayor may make a one-time transfer of $4 million from the Housing Production Trust Fund to such accounts or sub-accounts as may be established pursuant to the trust agreement to be entered into pursuant to 6-1061.02(e) [now (f)].
(b)(1) The Mayor may make a one-time transfer of $1 million from the industrial revenue bond special account established under § 47-131(c)(4) to such accounts or sub-accounts as may be established pursuant to the trust agreement to be entered into pursuant to 6-1061.02(e) [now (f)]. The funds transferred pursuant to this subsection may be used to assist eligible households whose annual incomes do not exceed 120% of the area median income.
(2) For the purposes of this subsection, the terms “area median income” and “eligible households” shall have the same meanings as provided in § 42-2801.

References: § 6
 § 6

§ 6

§ 6
 § 47
 § 42