{"data":{"id":"us-dc/d.c.-code-10-1333","jurisdiction":"us-dc","citation":"D.C. Code § 10-1333","heading":"Renovation Development Trust Fund.","body":"(a)\nThere is established a special trust fund to be known as the Renovation Development Trust Fund (“Fund”).\n\n(b)\nThe Foundation shall be responsible for administering the Fund.\n\n(c)\nThe monies deposited into the Fund shall not be a part of, nor lapse into, the General Fund of the District.\n\n(d)\nMonies in the Fund may derive from any of the following sources:\n(1)\nPrivate donations;\n(2)\nFederal grants;\n(3)\nOther funds received by the Foundation; and\n(4)\nInterest or other investment earnings on monies deposited in the Fund.\n\n(e)\nThe Foundation shall ensure that monies deposited in the Fund earn the highest and safest rate of return as practicable.\n\n(f)\nThe Fund shall be used for the following purposes:\n(1)\nAs collateral or direct financing for the complete renovation and restoration of the Wilson Building; and\n(2)\nTo 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.\n\n(g)\nNo 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.\n\n(h)\nIf 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.","path":["Title 10. Parks, Public Buildings, Grounds, and Space.","Chapter 13. John A. Wilson Building.","Subchapter II. John A. Wilson Building Foundation."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/10-1333","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"8ca5d9ff7ba09c7737d4c3bbd62f91172f0500922e2538c23d772aaa9a7907fe","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-10-1332","next":"us-dc/d.c.-code-10-1334"},"notice":"GroundRules: Original legal text. Not legal advice."}