(a) There is hereby created and established within the Treasury of the City of Los Angeles a separate fund to be known as the “Coral Tree Trimming Trust Fund”, hereinafter referred to as “Fund”.
(b) The Fund shall be used for the receipt and deposit of any money received from the SOS Coral Tree Committee or any other entity for the trimming of the coral trees along San Vicente Boulevard in the Brentwood area, and shall only be expended therefrom for the trimming of coral trees along San Vicente Boulevard in the Brentwood area.
(c) The fund shall be administered and expenditures therefrom shall be authorized by the Director of the Bureau of Street Maintenance or the designee thereof within established City practice. There shall be no expenditure, transfer or form of disbursement of money from the Fund, or any authority provided or granted with respect thereto, except for purposes directly related to the trimming of such coral trees on San Vicente Boulevard.
(d) In the event the work of tree trimming herein described is performed, or any contract for such work is terminated the City Controller, upon approval by the City Council by resolution, may release any remaining monies in the fund upon request of the Director of Street Maintenance for the purpose of payment to the SOS Coral Trees Committee or other entity entitled to receive same.
SECTION HISTORY
Added by Ord. No. 158,174, Eff. 9-26-83.