A. There is hereby created and established in the finance office of the city a fund to be designated “city of Chico parking ticket revolving fund” with an appropriation thereto of $500.00.
B. The finance director is hereby authorized to establish a special checking account to be designated “city of Chico parking ticket revolving fund checking account” to be used for the following purposes:
l. Depositing of cash bail payments received which are less than the required bail payment and issuing of checks to be returned to the payor;
2. Depositing of excess bail payments and issuing of a refund check to the payor;
3. Depositing of bail payments received which are payable to the Chico Municipal Court and issuing checks to the court;
4. Depositing of bail required to remove liens against motor vehicle registrations and issuing of checks for processing to the Department of Motor Vehicles.
C. The balance of the checking account hereby established shall be maintained at $500.00 at all times.
D. No council approval shall be required for issuance of checks from said checking account for the purposes set out hereinabove.
(Res. No. 43 79-80, Res. No. 133 95-96 §1)