There is created and established a special fund to be known as the “community renewal program fund.” All community renewal program grant moneys received from the United States of America under Title I of the Housing Act of 1949, as amended, shall be deposited into the community renewal program fund, and all budgetary appropriations made for the community renewal program shall be transferred to the community renewal program fund. All moneys deposited or transferred into the community renewal program fund shall be used only for the purposes for which such moneys were received or appropriated.
(Sec. 5-12.1, R.O. 1978 (1983 Ed.)) (1990 Code, Ch. 6, Art. 9, § 6-9.1)