(a) There is established as a special fund the Early Childhood Development Fund ("Fund"), which shall be administered by the Office of the State Superintendent of Education in accordance with subsection (c) of this section.
(b) Fifty percent of all net revenue collected pursuant to § 36-621.11(a)(3), shall be deposited into the Fund.
(c) Money in the Fund shall be used to support the cost of care and the teacher salary scale increases as set forth in § 4-410.02.
(d)(1) The money deposited into the Fund but not expended in a fiscal year shall not revert to the unassigned fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time.
(2) 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.
(Sept. 19, 1979, D.C. Law 3-16, § 11d; as added Mar. 19, 2020, D.C. Law 23-68, § 5, 67 DCR 743.)
Emergency LegislationFor temporary (90 days) creation of this section, see § 5 of Fiscal Year 2020 Budget Support Clarification Amendment Act of 2019 (D.C. Law 23-68, Mar. 19, 2020, 67 DCR 743).