US Laws, Codes, Statutes & Cases

 
    §  11-341  Surplus.  Any  surplus  of  the proceeds of the sale, after
  paying the expenses of the  sale,  and  all  taxes,  assessments,  sewer
  rents,  sewer  surcharges,  water  rents,  any other charges made a lien
  subject  to  the  provisions  of  this  chapter,  the   costs   of   any
  advertisements  and  notices  given  pursuant to this chapter, any other
  charges that are due and payable,  any  surcharge  pursuant  to  section
  11-332  of  this  chapter  and interest and penalties thereon, including
  such amounts which accrued or became a lien on and  after  the  date  of
  sale  of  the  tax lien or tax liens and up to and including the date of
  the sale of the property in foreclosure, and satisfying  the  amount  of
  such  tax  lien  or  tax liens and interest and the costs of the action,
  must be paid into court, for the use of the person or  persons  entitled
  thereto.  If  any part of the surplus remains in court for the period of
  three months, and no application has been made therefor, the court must,
  and, if an application therefor is pending, the court  may  direct  such
  surplus  to  be  invested  at interest, for the benefit of the person or
  persons entitled thereto, to be paid upon the direction of the court.