Chapter 3.16
FEDERAL REVENUE SHARING TRUST FUND
Sections:
3.16.010 Established.
In compliance with Section 123, Public Law 512, 92nd Congress relating to federal revenue sharing, there is established a fund in the Office of the City Clerk-Treasurer to be known as the “federal revenue sharing trust fund.” (Ord. 138 § 1, 1973)
3.16.020 Source of moneys.
All moneys received by the City from the United States under provisions of said Public Law 512, including interest received from investment of such funds, shall be deposited into the fund. (Ord. 138 § 2, 1973)
3.16.030 Expenditures.
The deposits into the trust fund, including interest earned thereon, shall be appropriated and expended for only those priority expenditures as defined in Section 103(a) of said Public Law 512 and the regulations issued pursuant thereto. (Ord. 138 § 3, 1973)