A. Definitions. As applied in this section, the following words and terms shall be defined as follows:
1. "City" means the City of Fullerton.
2. "Fee Administrator" means the Finance Director of the City.
3. "Mobile source air pollution reduction programs" means any program or project implemented by the City to reduce air pollution from motor vehicles pursuant to the California Clean Air Act of 1988 or the plan proposed pursuant to Article 5 (commencing with Section 40460) of Chapter 5.5 of Part 3 of the California Health and Safety Code.
B. Administration of Vehicle Registration Fee.
1. Receipt of Fee. Vehicle registration fees due pursuant to this section disbursed by the South Coast Air Quality Management District and remitted to the City shall be accepted by the Fee Administrator.
2. Transfer of Funds. Upon receipt of vehicle registration fees, the Fee Administrator shall be responsible for placement of such funds into a separate account as hereinafter specified.
3. Establishment of Air Quality Improvement Trust Fund. The Fee Administrator shall establish a separate interest-bearing trust fund account in a financial institution authorized to receive deposits of City funds. Interest earned by the account shall be credited to that account and shall be used to finance mobile source air pollution reduction programs.
4. Audits. The City consents to audits, at least once every two years, of all programs and projects funded by vehicle registration fee revenues provided under Section 44223 of the Health and Safety Code. The audit shall be conducted by an independent auditor.
(Ord. 2755 § 2, 1991).