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HomeMy WebLinkAbout1478 - Special Federal Revenue Sharing Fund• 0 CO) ORDINANCE NO. 147 0 AN ORDINANCE OF THE CITY OF NEWPORT BEACH ADDING CHAPTER 3.25 TO THE NEWPORT BEACH MUNICIPAL CODE, ENTITLED "SPECIAL FEDERAL REVENUE SHARING FUND" The City Council of the City of Newport Beach DOES ORDAIN as follows: SECTION 1. Chapter 3.25 is added to the Newport Beach Municipal Code to read: "CHAPTER 3.25 SPECIAL FEDERAL REVENUE SHARING FUND Section: 3.25 Fund Established. 3.25 Fund Established. There is hereby created in the City Treasury a special fund to be known as the 'Special Federal Revenue Sharing Fund,' for the purposes specified in Public Law 92 -512, 92nd Congress, October 20, 1972, 86th Statute, 919 through 936, and all funds required by said law to be deposited in the special fund shall be deposited therein in compliance with the provisions of the Code, and the disbursements and withdrawals from the fund shall be made only for the purposes and in the manner prescribed in the Code." SECTION 2. This ordinance shall be published once in the official newspaper of the City, and the same shall be effective 30 days after the date of its adoption. This ordinance was introduced at a regular meeting of the City Council of the City of Newport Beach held on the 27th -1- • day of November , 1972, and was adopted on the 4th day of December , 1972, by the following vote, to wit: ATTEST: City Clerk CERTIFIED AS THE QRIG` :nt CERTIFIED AS TO PU-Li'-. • _ Dais _DEC 1972 G CLERK OF TXE CI ORT BEACX E -2- AYES, COUNCILMEN: McInnis, Rogers, Croul, Kym1a, Ryckoff, Store NOES, COUNCILMEN: None ABSENT COUNCILMEN Dostal i