Performance Parking Program Fund

(a)(1) There is established as a nonlapsing fund the Performance Parking Program Fund (“Fund”), which shall be used solely for the purposes set forth in § 50-2534, and shall be administered by the Director of the District Department of Transportation. (2) Fees collected for the parking of vehicles where meters or devices are installed shall be deposited into the Fund in accordance with § 50-2603(8)(B). (b) All funds deposited into the Fund, and any interest earned on those funds, shall not revert to the unrestricted fund balance of the General Fund of the District of Columbia at the end of a fiscal year, or at any other time, but shall be continually available for the uses and purposes set forth in § 50-2534 without regard to fiscal year limitation, subject to authorization by Congress.