230.1.1 CREATION OF FUND.
There is hereby created the Bicycle Transportation Fund to be composed of all monies paid to the City pursuant to provisions of Article 2 of Chapter 2 of Division 6 of this Code. Said fund shall be used solely to develop and maintain a system of bicycle routes and for any other projects of benefit to the bicyclist.
230.1.2 USE OF FUNDS.
(Amended by O-2526)
Monies derived from the registration and licensing of bicycles shall be deposited in said fund and shall be earmarked within said fund to be used as follows:
a) Thirty cents ($0.30) to the General Fund for administrative costs.
b) The balance to be paid into the Bicycle Transportation Fund.
230.1.3 FUNDS DERIVED FROM AUCTION OF BICYCLES.
All funds derived from the auction of unclaimed bicycles shall be deposited in the Bicycle Transportation Fund.