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• <br />0 <br />CO) <br />ORDINANCE NO. 147 0 <br />AN ORDINANCE OF THE CITY OF NEWPORT BEACH <br />ADDING CHAPTER 3.25 TO THE NEWPORT BEACH <br />MUNICIPAL CODE, ENTITLED "SPECIAL FEDERAL <br />REVENUE SHARING FUND" <br />The City Council of the City of Newport Beach DOES <br />ORDAIN as follows: <br />SECTION 1. Chapter 3.25 is added to the Newport <br />Beach Municipal Code to read: <br />"CHAPTER 3.25 <br />SPECIAL FEDERAL REVENUE SHARING FUND <br />Section: <br />3.25 Fund Established. <br />3.25 Fund Established. There is hereby created <br />in the City Treasury a special fund to be known as the <br />'Special Federal Revenue Sharing Fund,' for the purposes <br />specified in Public Law 92 -512, 92nd Congress, October 20, <br />1972, 86th Statute, 919 through 936, and all funds required <br />by said law to be deposited in the special fund shall be <br />deposited therein in compliance with the provisions of <br />the Code, and the disbursements and withdrawals from the <br />fund shall be made only for the purposes and in the manner <br />prescribed in the Code." <br />SECTION 2. This ordinance shall be published once in <br />the official newspaper of the City, and the same shall be effective <br />30 days after the date of its adoption. <br />This ordinance was introduced at a regular meeting of <br />the City Council of the City of Newport Beach held on the 27th <br />-1- <br />