(A) The Governing Board may accept gifts, donations and subsidies for Theatre purposes. However, a gift or transfer of property to the Theatre may not be made without the approval of the Governing Board. The City Controller may invest such funds in secure portfolios, subject to the Governing Board's approval.
(B) A gift or grant of money shall be deposited in a special non-reverting fund to be expended for purposes specified by the grantor. The City Controller may draw warrants against the fund only upon vouchers signed by the General Manager or the Theatre Manager and approved by the Governing Board.
(1979 Code, § 36.94) (Ord. 4282, passed 3-17-1997; Am. Ord. 5110, passed 3-19-2008; Am. Ord. 5232, passed 9-27-2010)