Page:United States Statutes at Large Volume 114 Part 4.djvu/741

 PUBLIC LAW 106-553—APPENDIX A 114 STAT. 2762A-41 the number of halfway house escapes and steps taken to improve monitoring and supervision of halfway house residents to reduce the number of escapes to be provided in consultation with the Court Services and Offender Supervision Agency; (4) education, including access to special education services and student achievement to be provided in consultation with the District of Columbia Public Schools; (5) improvement in basic District services, including rat control and abatement; (6) application for and management of Federal grants, including the number and type of grants for which the District was eligible but failed to apply and the number and type of grants awarded to the District but which the District failed to spend the amounts received; and (7) indicators of child well-being. RESERVE FUNDS SEC. 159. (a) ESTABLISHMENT OF RESERVE FUNDS. — (1) IN GENERAL.— The District of Columbia Home Rule Act is amended by inserting after section 450 the following new section: "R ESERVE FUNDS "SEC. 450A. (a) EMERGENCY RESERVE FUND.— "(1) IN GENERAL.— T here is established an emergency cash reserve fund (in this subsection referred to as the 'emergency reserve fund') as an interest-bearing account (separate from other accounts in the General Fund) into which the Mayor shall deposit in cash not later than February 15 of each fiscal year (or not later than October 1, 2000, in the case of fiscal year 2001) such amount as may be required to maintain a balance in the fund of at least 4 percent of the total budget appropriated for operating expenditures for such fiscal year which is derived from local funds (or, in the case of fiscal years prior to fiscal year 2004, such amount as may be required to maintain a balance in the fund of at least the minimum emergency reserve balance for such fiscal year, as determined under paragraph (2)). "(2) DETERMINATION OF MINIMUM EMERGENCY RESERVE BAL- ANCE.— "(A) IN GENERAL.—The 'minimum emergency reserve balance' with respect to a fiscal year is the amount equal to the applicable percentage of the total budget appropriated for operating expenditures for such fiscal year which is derived from local funds. "(B) APPLICABLE PERCENTAGE DEFINED.— In subparagraph (A), the 'applicable percentage' with respect to a fiscal year means the following: "(i) For fiscal year 2001, 1 percent. "(ii) For fiscal year 2002, 2 percent. "(iii) For fiscal year 2003, 3 percent. "(3) INTEREST.— Interest earned on the emergency reserve fund shall remain in the account and shall only be withdrawn in accordance with paragraph (4). "(4) CRITERIA FOR USE OF AMOUNTS IN EMERGENCY RESERVE FUND.—The Chief Financial Officer, in consultation with the Mayor, shall develop a policy to govern the emergency reserve

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