Funds shall be disbursed annually by the Office of the Controller to each Higher Education Institution for the credit of or payment to the awardees. The amounts disbursed shall be approved by the City Council and shall be sufficient to cover the cost of scholarships awarded each school year pursuant this Chapter.
SECTION HISTORY
Added by Ord. No. 168,863, Eff. 8-7-93.
Amended by: Ord. No. 181,866, Eff. 10-9-11.