(a) There is established as a nonlapsing fund the Senior Citizens Housing Modernization Grant Fund (“Fund”). All funds deposited into the Fund, and any interest earned on those funds, shall not revert to the unrestricted fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time, but shall be continually available for the uses and purposes set forth in subsection (b) of this section without regard to fiscal year limitation, subject to authorization by Congress.
(b) The Fund shall be continually available to the Deputy Mayor for the purpose of providing one-time grants of up to $5,000 to qualified senior citizens to enable them to make repairs and improvements to their single-family dwellings to ensure their health and safety in their principal places of residence.
(c) Deposits into the Fund shall consist of the following:
(1) Payments by developers seeking relief from zoning laws by way of the PUD process, which may be considered part of the required community benefits package of the proposed PUD;
(2) Appropriated funds;
(3) Other District funds; or
(4) Private gifts.
CREDIT(S)
(Aug. 12, 2010, D.C. Law 18-218, § 3, 57 DCR 5396.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For Law 18-218, see notes following § 1-325.161.