Source: https://development.code.dccouncil.us/dc/council/code/sections/47-4505.html
Timestamp: 2019-04-21 06:38:18+00:00

Document:
D.C. Law Library - § 47–4505. Administration and initial implementation of the Program.
↪ Chapter 45. College Savings Program.
↪ § 47–4505. Administration and initial implementation of the Program.
§ 47–4506. Implementation of the Program.
§ 47–4505. Administration and initial implementation of the Program.
(a) The Chief Financial Officer shall take such action as may be necessary to effectuate the Trust, issue regulations with respect to the Program, and in connection therewith, the Trust, and otherwise initiate the implementation and administration of the Program consistent with this chapter. The Chief Financial Officer shall continue to administer and maintain the Program in a manner to ensure that the Program continues to qualify as a qualified tuition program under section 529 of the Internal Revenue Code of 1986 [26 U.S.C. § 529].
(b) The Chief Financial Officer shall use the funds authorized in § 47-4503(c), § 47-4503(j) [(j) repealed], § 47-4503(r), and § 47-4506(b)(9) to pay for the staff and non-personal services needed to administer the Program.
(13) Delegate any and all duties, obligations, responsibilities, rights, and powers assigned and granted to the Chief Financial Officer under this chapter to the Trustee to be carried out and exercised in his or her capacity as Trustee.
D.C. Law 16-191, in subsec. (c)(12), validated a previously made technical correction.
For temporary (90 day) amendment of section, see § 2402(f) of Fiscal Year 2003 Budget Support Amendment Emergency Act of 2002 (D.C. Act 14-544, December 4, 2002, 49 DCR 11700).
For temporary (90 day) amendment of section, see § 2402(f) of the Fiscal Year 2003 Budget Support Amendment Congressional Review Emergency Act of 2003 (D.C. Act 15-27, February 24, 2003, 50 DCR 2151).
For temporary (90 day) amendment of section, see § 2402(f) of Fiscal Year 2003 Budget Support Amendment Second Congressional Review Emergency Act of 2003 (D.C. Act 15-103, June 20, 2003, 50 DCR 5499).
Section 529 of the Internal Revenue Code, referred to in subsec. (a), is classified to 26 U.S.C. § 529.

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