Section 19-815. ACCEPTING SECURITIES

Latest version.

815.1Once an applicant's donation for securities has been approved through the standard agency acceptance procedures, DCPL will provide the donor with a copy of the securities delivery instructions.

815.2The OBT shall prepare the SOAR revenue cash receipt (RCR) and standard deposit ticket to OFT.

815.3The donor delivers the donated securities to the District government's transfer agent.

815.4The District's transfer agent will liquidate the securities and wire the net proceeds to OFT for deposit into the appropriate account.

815.5The OFT shall notify the OB&F that the funds were deposited and issue a receipt to the donor.

815.6The OFT will record the funds in SOAR based on the associated RCR to DCPL's AFO to confirm that the funds were recorded in SOAR.

source

Final Rulemaking published at 54 DCR 9176 (September 21, 2007).

                    
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