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Dissolution of the Authority.

D.C. Code § 31-3171.15
in effect
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31-3171.15. Dissolution of the Authority. Upon dissolution, liquidation, or other termination of the Authority: (1) All rights and properties of the Authority shall pass to and be vested in the District, subject to the rights of lien holders and other creditors; (2) Any net earnings of the Authority, beyond that necessary for retirement of any indebtedness or to implement a public purpose or program of the District authorized under this chapter, shall not inure to the benefit of any person other than the District; (3) The expenditure of any net earnings shall be restricted to costs related to the direct delivery of health care to residents of the District. (Mar. 2, 2012, D.C. Law 19-94, § 16, 59 DCR 213.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/31-3171.15Fetched: 10/21/2026

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