(A) That the Clerk-Treasurer of the City of Bedford, Indiana, shall create and maintain a fund for the expenditures of the day-to-day operations of the TASC Transit System. Said fund shall be entitled the "TASC 5311 Operating Fund".
(B) That the monies deposited in the fund created under division (A) above will be from the federal and state 5311 Operating Grant, and a quarterly transfer of matching funds from the transportation budget in the City General Fund.
(C) The Board of Public Works and Safety of the City of Bedford, Indiana, shall be vested with the responsibility and discretion for making expenditures from this fund in accordance with applicable law.
(Ord. 23-2023, passed 11-20-23)