Pursuant to the joint powers agreement between the city and the Chico Redevelopment Agency, the finance director, as treasurer of the Chico Public Financing Authority, shall have all of the duties and obligations set forth in Sections 6505 and 6505.5 of the California Government Code, including, but not limited to, the duty and obligation to receive and receipt for all money of the authority and place same in the treasury of the city designated to the credit of the authority, be responsible for the safekeeping and disbursement of all authority money so held by the finance director, and pay, when due, out of the money of the authority so held by the finance director, all sums payable on outstanding bonds and coupons of the authority.
(Ord. 1829 (part), Ord. 2113 §1, Ord. 2268)