(A) There is hereby established the HOME-ARP Fund 2407 for the purpose of accounting for the receipts and disbursements of the HOME-ARP Grant.
(B) The money received under this section shall be used pursuant to the terms and conditions set forth in the grant agreement.
(C) Monies from the Fund may be disbursed only on approved claims allowed by the city’s Redevelopment Board of Commissioners.
(D) The Fund shall terminate for any lawful reason and any balance of the Fund shall be disbursed pursuant to the grant agreement.
(Ord. 23-0034, passed 10-11-2023)