District Of Columbia Code § 1-807.02

Uses of amounts in Trust Fund.
Open in Lexace · Ask the AI about this section
Amounts in the Trust Fund shall be used: To make Federal benefit payments under this chapter; Subject to subsection (b)(1) of this section, to cover the reasonable and necessary expenses of administering the Trust Fund under the contract entered into pursuant to § 1-807.05(b) ; To cover the reasonable and necessary administrative expenses incurred by the Secretary in carrying out the Secretary’s responsibilities under this chapter; and For such other purposes as are specified in this chapter.
The administrative expenses of the Trust Fund shall be paid in accordance with an annual budget set forth by the Trustee which shall be subject to certification and approval by the Secretary.
The Secretary is authorized to requisition from the District Retirement Fund such sums as are necessary to administer the Trust Fund (including expenses described in § 1-809.01(b) ) until assets are transferred to the Trust Fund pursuant to § 1-807.03 .

‹ Prev All District Of Columbia sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.