(a) In compliance with Section 471 of the City Charter, there is hereby created within the Treasury of the City of Los Angeles a trust fund known as the “Matching Campaign Funds Trust Fund”, hereinafter referred to as the “Fund”.
(b) There shall be placed in the Fund all proceeds from appropriations for public matching funds to partially finance campaigns for elective City offices.
(c) All interest or other earnings attributable to money in the Funds shall be credited to the Fund and shall be devoted to the purposes set forth in this chapter.
(d) The Fund shall be administered and expenditures therefrom shall be authorized by the City Ethics Commission or its designee in accordance with established City practice. No expenditure may be made from the Fund for any purpose except in accordance with the provisions of Section 471 of the City Charter and Article 9.7 of Chapter IV of the Los Angeles Municipal Code.
SECTION HISTORY
Added by Ord. No. 168,263, Eff. 11-2-92.
Amended by: Ord. No. 173,305, Eff. 6-30-00, Oper. 7-1-00; Subsecs. (b) and (c), Ord. No. 181,972, Eff. 1-28-12.