Surplus Property Sales Fund

(a) There is established as a special fund the Surplus Property Sales Fund (“Fund”), which shall be administered by the CPO in accordance with subsection (c) of this section. (b) There shall be deposited into the Fund: (1) Administrative fees collected pursuant to an agreement entered into pursuant to § 2-358.02a; and (2) Proceeds from the sale of surplus property by OCP. (c) Money in the Fund shall be used to pay the administrative costs of maintaining and disposing of surplus property, including the costs of online auctions. (d) Amounts in excess of the money needed to pay for the cost of online auction contracts for surplus personal property shall be deposited into the unrestricted fund balance of the General Fund of the District of Columbia.