Establishment of Basic Business License Fund.

# (a)

There is established as a special fund the Basic Business License Fund ("Fund"), which shall be administered by the Department of Licensing and Consumer Protection in accordance with subsection (c) of this section.

# (b)

# (1)

Except as provided in paragraph (2) of this subsection, all fees collected for the issuance of a basic business license, including renewals, late renewal penalties, other penalties, and fines, shall be deposited into the Fund.

# (2)

Half of the total amount of penalties and fines collected as a result of notices of infractions issued for basic business license violations shall also be deposited in the Fund.

# (c)

Revenue credited to the Fund shall be for:

# (1)

Maintaining and improving the basic business licensing system;

# (2)

Personnel and supply costs;

# (3)

Educational and outreach activities on the requirements of this subchapter; and

# (4)

Any other costs associated with administering this subchapter.
[(d)] Any money remaining available in the Fund at the end of a fiscal year, as determined by the Chief Financial Officer in the fiscal year-end close, shall be transferred to the unassigned fund balance of the General Fund of the District of Columbia as part of the fiscal year-end close.