a. There is hereby created and established within the Treasury of the City of Los Angeles a Trust Fund to be known as “Furtherance of International Earthquake Conference Goals Fund,” hereinafter referred to in this article as the “Fund.”
b. The Fund shall be used for the deposit of, and to provide funds for the furtherance of the collection, exchange, and dissemination of seismic research information to enhance the general understanding and public awareness of the need for, and implementation of, pre-earthquake preparedness and planning, and of the development of emergency response and hazard mitigation plans, recovery methods and practices and the availability thereof to and through local government for application and use by those responsible for their implementation in the City with respect to earthquakes.
c. The fund is to be administered by the City Clerk and expenditures are only to be made therefrom for said purposes and only after approval by the City Council by resolution.
d. All offers of gifts, contributions or bequests for any of the purposes set forth in this section, whether in money or property, may be accepted on behalf of the City of Los Angeles by either the President of the City Council or any person who has been designated by the City Council as Coordinator of Seismic Programs. When accepted, any monetary gift, contribution or bequest shall be placed in the Fund. The Controller shall establish a separate account for each accepted monetary gift, contribution or bequest which includes any special requirements, qualifications or conditions of use. No money shall be expended from such special account except in satisfaction and in compliance with those special requirements, qualifications or conditions. All other accepted monetary gifts, contributions or bequests shall be placed in a general account established by the Controller for the purposes set forth in this section. All gifts, contributions or bequests of any kind shall be used only for the purposes set forth in this section. The title to any personal property accepted by either the President of the City Council or the Coordinator of Seismic Programs shall vest in the City of Los Angeles.
SECTION HISTORY
Added by Ord. No. 158,207, Eff. 9-12-83.
Amended by: Subsec. c., Ord. No. 160,220, Eff. 9-7-85; Subsec. d. added, Ord. No. 161,031, Eff. 4-28-86; Subsec. c., Ord. No. 164,508, Eff. 4-10-89; Subsec. c., Ord. No. 164,741, Eff. 5-27-89, Oper. 7-1-89.