(a) There is hereby created within the Treasury of the City of Los Angeles a Trust Fund known as the “Senior Transportation, 12th District Trust Fund.”
(b) All interest or other earnings from moneys received into said Fund shall be credited thereto and shall be devoted to the purposes set forth herein.
(c) The Fund shall be administered by the City Clerk subject to the direction of the Council member representing Council District No. 12 and shall be used exclusively for the development of projects and programs for the transportation of senior citizens residing within Council District No. 12.
SECTION HISTORY
Added by Ord. No. 159,090, Eff. 7-27-84.