Sec. 11711. REVISIONS TO FINANCIAL RESPONSIBILITY AND MANAGEMENT ASSISTANCE ACT

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## SEC. 11711 REVISIONS TO FINANCIAL RESPONSIBILITY AND MANAGEMENT ASSISTANCE ACT ###

(a)Use of Interest on Accounts of Authority for Benefit of District Section 106 of the District of Columbia Financial Responsibility and Management Assistance Act of 1995 (DC Code, sec. 47–391.6) is amended by adding at the end the following new subsection: > > ### “(d) Use of Interest on Accounts for District > > > #### “(1) In general > > Notwithstanding any other provision of this Act, the Authority may transfer or otherwise expend any amounts derived from interest earned on accounts held by the Authority on behalf of the District of Columbia for such purposes as it considers appropriate to promote the economic stability and management efficiency of the District government. > > > #### “(2) Spending not subject to appropriation by congress > > Notwithstanding subsection (a)(3), any amounts transferred or otherwise expended pursuant to paragraph

(1)may be obligated or expended without approval by Act of Congress.” > . ###

(b)Appointment of Inspector General Section 303(e)(1) of such Act (DC Code, sec. 1–1182.8 note) is amended by striking “the Authority” and inserting “the Mayor”.