SUBTITLE B. AUDIT ENGAGEMENT FUND
Sec. 1011. Short title.
This subtitle may be cited as the "Audit Engagement Fund Act of 2020".
Sec. 1012. Audit Engagement Fund.
(a)There is established as a special fund the Audit…#
(a) There is established as a special fund the Audit Engagement Fund ("Fund"), which shall be administered by the Office of the District of Columbia Auditor in accordance with subsection (c) of this section.
(b)The following shall be deposited into the Fund:#
(b) The following shall be deposited into the Fund:
(1) All unspent local fund monies remaining in the operating budget for the Office of the District of Columbia Auditor at the end of each fiscal year; and
(2) Any other funds received on behalf of the Fund or the Office of the District of Columbia Auditor for the purpose of performing audits.
(c)Money in the Fund shall be used for operating expenses…#
(c) Money in the Fund shall be used for operating expenses related to performing audits.