HomeMy WebLinkAbout1988-06-23 - ORDINANCES - ARTICLE 8 FUND (2)ORDINANCE NO. 88-25
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA AMENDING THE MUNICIPAL CODE TO ADD
CHAPTER NO. 3.19 TO TITLE 3 ESTABLISHING AN ARTICLE 8 FUND
THE CITY COUNCIL OF THE CITY OF SANTA CLARITA DOES
ORDAIN AS FOLLOWS:
Section
1: The
Santa Clarita Municipal Code
is hereby
amended to add
Chapter
3.19 to Title 3 relating
to the
establishing of a
fund to
be known as Article 8 Fund.
CHAPTER 3.19
ARTICLE 8 FUND
Sections•
3.19.010 Created
3.19.020 Moneys Included
3.19.030 Expenditures
3.19.010 Created. There is hereby created in the
City Treasury a fund to be known as the Santa Clarita Article 8
Fund.
3.19.020 Moneys Included. There shall be de-
posited into this fund from time to time those funds received
from Los Angeles County Transportation Commission that are
identified by LACTC as Article 8 Funds. Any interest earnings
resulting from the investment of the moneys in this fund shall be
deposited in this fund.
3.19.030 Expenditures. All expenditures made from
this fund shall be made only for purposes approved by LACTC as
approved uses of Article 8 Funds. All expenditures shall be in
the form of an interfund transfer to the General Fund and as shall
be in accordance with all budget procedures and regulations
approved by Council.
Section 2: The City Clerk shall certify to the adoption
of this ordinance and cause it to be posted in the manner
prescribed by law.
PASSED, APPROVED,
June , 1988.
AND ADOPTED THIS 23rd day of
Mayor
-2-
I HEREBY CERTIFY that the foregoing ordinance was duly
adopted by the City Council of the City of Santa Clarita at a
regular meeting thereof, held on the .23rd day of
June , 1988, by the following vote of the Council.
AYES: COUNCILMEMBERS Boyer, Darcy, Heidt, Koontz, McKeon
NOES: COUNCILMEMBERS None
ABSENT: COUNCILMEMBERS None
CITY CLERK