Title 07 Finance
Chapter 07.08 Funds
Article II. Special Revenue Funds
Section 07.08.107 Community Development Funds
- There are established such separate funds to be known as “community development special revenue funds” as may be required for the proper administration of community development block grant moneys.
- Into the appropriate community development special revenue fund shall be placed federal funds from the department of housing and urban development under Title I of the Housing and Community Development Act of 1974, as amended, such local matching funds as may be required and authorized by the city council, and any other funds as may become available to a grant.
- The community development funds shall be used exclusively for the execution and operation of community development block grant projects and programs as specified under Title I of the Housing and Community Development Act of 1974, as amended.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1