District Of Columbia § 10-1333 - Renovation Development Trust Fund.
Full text of District Of Columbia D.C. Code § 10-1333 — Renovation Development Trust Fund., with citation guidance and answers to common questions.
§ 10-1333. Renovation Development Trust Fund.
10-1333There is established a special trust fund to be known as the Renovation Development Trust Fund (“Fund”).
The Foundation shall be responsible for administering the Fund.
The monies deposited into the Fund shall not be a part of, nor lapse into, the General Fund of the District.
Monies in the Fund may derive from any of the following sources:
Private donations;
Federal grants;
Other funds received by the Foundation; and
Interest or other investment earnings on monies deposited in the Fund.
The Foundation shall ensure that monies deposited in the Fund earn the highest and safest rate of return as practicable.
The Fund shall be used for the following purposes:
As collateral or direct financing for the complete renovation and restoration of the Wilson Building; and
To buy out the remaining balance of any loan negotiated between Washington Development Group, Inc., and any financial institution for the renovation and restoration of the Wilson Building, as the Council may direct pursuant to the Endorsement of the Establishment of the John A. Wilson Building Foundation and Washington Development Group, Inc., Development Plan Conditional Approval Resolution of 1995 (Resolution 11-172; 42 DCR 6428), effective November 24, 1995.
No more than 15% of the monies deposited in the Fund may be used by the Foundation for operating expenses of the Foundation, including the cost of maintaining the Fund.
If within one year of April 9, 1997, the Foundation has not raised over $1 million in funds, all funds remaining in the Fund at that time shall be returned to the donors or grantors on a pro rata basis minus the administrative costs limited by subsection (g) of this section associated with returning the monies.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 10-1333
What does D.C. Code § 10-1333 cover?
Section 10-1333 ("Renovation Development Trust Fund.") 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 § 10-1333?
A common citation format is "D.C. Code § 10-1333" (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 § 10-1333 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.