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Sec. 5.503. Creation and Administration of the Fund.
 
   (a)   There is hereby created and established in the Treasury of the City of Los Angeles a special trust fund to be known as the “Local Law Enforcement Block Grant Trust Fund,” hereinafter referred to in this Chapter as the “Fund.
 
   (b)   The purpose of the Fund shall be for the receipt, retention and disbursement of grants, appropriations and other sources of money from the Department of Justice under the Local Law Enforcement Block Grants Program to finance any authorized law enforcement program.
 
   (c)   The Fund shall be administered by the Mayor’s Office of Criminal Justice Planning. Expenditures from the Fund shall be authorized by resolution of the City Council, subject to approval of the Mayor. If any resolution authorizing such expenditure shall not be returned to the City Clerk by the Mayor, for presentation to the City Council, with his objections in writing within ten (10) days after it shall have been presented to him, it shall become effective and be as valid as if the Mayor had approved and signed it.
 
   (d)   All grants, appropriations and other sources of money to the City for the purposes set forth in this chapter shall be submitted to the City Council for acceptance or rejection.
 
   (e)   The City Clerk shall inform the Controller of any special terms or conditions placed upon the use of all monies accepted for deposit in the Fund. The Controller shall establish a separate account in the Fund for each specific use for all accepted grants, appropriations or other sources of money which contain any special term or condition. No money shall be expended from the Fund except in compliance with each special term or condition under which such money was accepted. Any request for an expenditure of money from any such separate account shall be accompanied by sufficient information for the Controller to determine that the proposed expenditure would not contravene the specific use for which such separate account was established.
 
   (f)   All monetary gifts, contributions, bequests, appropriations or other sources of money which are accepted without special terms or conditions upon their use shall be placed in a general account established in the Fund by the Controller.
 
   (g)   All interest and other earnings attributable to monies in the Fund shall be credited to the Fund and shall be devoted to the purposes thereof.
 
   (h)   The City Clerk shall report to the City Council and Mayor regarding and identifying all receipts into, and all expenditures out of, the Fund, as well as the purposes for which the expenditures were made. Each report shall cover a fiscal year and shall be submitted within 60 days after the close of said fiscal year.
 
SECTION HISTORY
 
Chapter and Section added by Ord No. 171,548, Eff. 5-10-97, Oper. 1-1-97.