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.
(Apr. 3, 2001, D.C. Law 13-266, § 3, 48 DCR 1240.)
This section is referenced in § 1-307.61.
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