District Of Columbia § 1-307.61 - Definitions.
Full text of District Of Columbia D.C. Code § 1-307.61 — Definitions., with citation guidance and answers to common questions.
§ 1-307.61. Definitions.
1-307.61For the purposes of this part, the term:
“Account holder” means a person who is the owner of an opportunity account.
“Administering organization” means an entity that is approved by the Mayor to implement and administer an opportunity account program.
“District of Columbia median income” means the most recent measurement of median income for the District of Columbia published by the United States Department of Housing and Urban Development.
“Financial institution” means a bank, trust company, savings bank, credit union, or savings and loan association with an office in the District of Columbia.
“Medical emergency” means a debilitating or life-threatening illness.
“Opportunity account” means a special savings account established under this part.
“Opportunity Account Office” means the special savings account office established under .
“Opportunity account program” means a program of an administering organization to administer and oversee opportunity accounts and to encourage the establishment of opportunity accounts.
“Opportunity account reserve fund” means the fund created by an administering organization for the purposes of funding the costs incurred in the administration of an opportunity account program and for providing matching funds for opportunity accounts.
“Retirement” means the period commencing upon the eligibility of a person for Social Security benefits.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 1-307.61
What does D.C. Code § 1-307.61 cover?
Section 1-307.61 ("Definitions.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 1-307.61?
A common citation format is "D.C. Code § 1-307.61" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 1-307.61 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.