(a) There is established as a nonlapsing fund the Performance Parking Program Fund (“Fund”). All parking-meter revenue collected within the Performance Parking Pilot Zones shall be deposited in the Fund. The Fund shall be used solely for the purposes set forth in § 50-2534 and shall be administered by the Director of the District Department of Transportation.
(b) 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 § 50-2534 without regard to fiscal year limitation, subject to authorization by Congress.
CREDIT(S)
((Nov. 25, 2008, D.C. Law 17-279, § 2a, as added Sept. 14, 2011, D.C. Law 19-21, § 6083(b), 58 DCR 6226.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For history of Law 19-21, see notes under § 50-231.