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Home My WebLink AboutNS-1455DMF/fm 9/8/78 ORDAIN AS ORDINANCE NO. NS- 1455 A/q ORDINANCE OF THE CITY OF SANTA ANA ADDING ARTICLE V, SECTIONS 13-40, 13-41, 13-42 AND 13-43 TO CHAPTER 13 OF THE SANTA ANA MUNICIPAL CODE ESTABLISHING A TRUST FUND FOR THE DEPOSIT OF ALL GENERAL REVNUE SHARING FUNDS PURSUANT TO THE STATE AND LOCAL ASSISTANCE ACT OF 1972 (P.L. 92-512, AS AMENDED) THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES FOLLOWS: That the Santa Aha Municipal Code, is hereby amended by adding an article to Chapter 13, to be nun~bered Article V, which said Article reads as follows: ARTICLE V. GENERAL REVENUE SHARING TRUST FUND Sec. 13-40. Creation of a general revenue sharing trust fund. There is hereby created and established a trust fund for the deposit of all general revenue sharing funds pursuant to the State and Local Fiscal Assistance Act of 1972 (31 U.S.C. 1221 et seq., as amended, and regulations pursuant thereto). Sec. 13-41. Deposit of money from general revenue sharing funds. Ail apportionment of moneys from general revenue sharing funds to the City of Santa Ana shall be deposited in the trust fund. Sec. 13-42. Expenditure of funds from general revenue sharing trust fund. The City of Santa Aha shall comply with all laws governing the expenditure of general revenue sharing funds when making any expenditure of funds from the general revenue sharing trust fund. Sec. 13-43. Interest and other income. Interest received by the City of Santa Ana from the investment of money in the general revenue sharing trust fund, and all other income derived from the use of such moneys, including but not limited to, rental income and funds derived from sale of surplus properties purchased with such moneys, shall be deposited in the trust fund. ORDINANCE NO. NS-1455 ~PAGE TWO ADOPTED this by the following vote: 2nd day of October , 1978, ATTEST: AYES: NOES: ABSENT: COUNCILMEN: Ward, Yamamoto, Bricken, Ortiz, Evans, Brandt COUNCILMEN: None COUNCILMEN:Ga~e~ MAYOR,. ACTINGk.~LERK OF THE COUNCIL APPROVED~S TO FOR~ KEITH L. GOW, CITY ATTORNEY