(a) There is established as a special fund the DDOT Underground Electric Company Infrastructure Improvement Fund ("Fund"), which shall be administered by the Director of DDOT in accordance with subsection (c) of this section.
(b) All payments from the electric company of the DDOT Underground Electric Company Infrastructure Improvement Charges shall be deposited in the Fund.
(c) The Fund shall be used solely to pay for DDOT Underground Electric Company Infrastructure Improvement Costs.
(d) The money deposited into the Fund, and interest earned, 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.
(e) Subject to authorization in an approved budget and financial plan, any funds appropriated in the Fund shall be continually available without regard to fiscal year limitation.
(May 3, 2014, D.C. Law 20-102, § 303a, 61 DCR 1882; as added July 11, 2017, D.C. Law 22-5, § 2(e), 64 DCR 4943.)
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