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.
CREDIT(S)
(Apr. 3, 2001, D.C. Law 13-266, § 3, 48 DCR 1240.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For Law 13-266, see notes following § 1-307.61.