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Vehicle registration fees disbursed by the SCAQMD to the City pursuant to Health and Safety Code Section 44243 or any successor provision thereto shall be administered as follows:
.010 The Fee Administrator shall accept vehicle registration fees disbursed by the SCAQMD to the City.
.020 The Fee Administrator shall be responsible for placing all vehicle registration fees received by the City into a separate account as hereinafter specified, to be spent solely to reduce air pollution from motor vehicles.
.030 The Fee Administrator shall establish a separate interest-bearing Air Quality Improvement Trust Fund account in a financial institution authorized to receive deposits of City funds. Interest earned by the account shall be credited to that account. All expenditures from the Air Quality Improvement Trust Fund shall be used to finance Mobile Source Air Pollution Reduction Programs. (Ord. 5225 § 1 (part); June 4, 1991.)