(a) There is hereby created and established in the Treasury of the City of Los Angeles a special trust fund known as the "Sidewalk and Park Vending Trust Fund", hereinafter referred to as "Fund", to implement the provisions of Los Angeles Municipal Code Section 42.13.
(b) There shall be deposited in said Fund annual permit fees and any revenue from fines associated with violations of the Sidewalk and Park Vending Program.
(c) All interest and earnings attributable to the monies in the Fund shall be credited to the Fund and shall be devoted to the purposes of the Fund.
(d) The purpose of the Fund is to purchase or pay for salaries, expenses, equipment, materials, and services, in support of the Department of Public Works, Bureau of Street Services, the Department of Recreation and Parks, and the Economic and Workforce Development Department. The moneys received pursuant to Subsections (b) and (c) will only be used in the administration of the Sidewalk and Park Vending Program pursuant to LAMC Section 42.13.
(e) Pursuant to Charter Section 344(a), at the close of each fiscal year, monies not expended from the Fund shall remain in the Fund and shall not revert to the Reserve Fund.
(f) The Fund shall be administered by the Board of Public Works, or its designee. Expenditures from the Fund shall be authorized by the Board of Public Works, or its designee.
SECTION HISTORY
Chapter and Sec. Added by Ord. No. 169,320, Eff. 2-18-94.
Amended by: Subsec. (e), Ord. No. 171,911, Eff. 3-15-98; In Entirety, Ord. No. 186,478, Eff. 12-18-19.