(a) The fund previously designated as the "Energy Conservation Loan Program Fund" shall hereinafter be known as the "Green Retrofit Program Fund", referred to in this Chapter as the "Fund".
(b) The purpose of the Fund shall be for the receipt, retention and disbursement of grant and other monies and property accepted from persons or entities or otherwise received by the City for the purchase, installation and monitoring of energy and water efficiency and environmentally sustainable measures in City buildings and facilities.
(c) All interest and other earnings, including energy and water rebates and incentives attributable to this program in the Fund shall be credited to the Fund and shall be devoted to the purposes thereof.
(d) The Fund shall be administered by the General Manager of the Department of General Services, or his or her designee, hereinafter referred to in this Chapter as the "General Manager". Expenditures from the Fund shall be authorized by the General Manager consistent with one or more provisions of Los Angeles Administrative Code Section 7.300 et seq. (establishing the Green Retrofit and Workforce Program) to fund the cost of purchasing, installing and monitoring energy and water efficiency and environmentally sustainable measures in City buildings and facilities. For the purposes of this Section, expenditures shall include the transfer of expenditures incurred and/or paid by any other Funds administered by the Department of General Services. The General Manager shall report annually by January 31, on energy and other savings that result from completed energy efficiency, water conservation, and environmentally sustainable projects and provide recommendations for new projects to the Mayor and City Council with the intention of continuing and sustaining conservation projects in the City.
(e) All revenues and expenditures of the Green Retrofit Program shall be accounted for in the Fund, including all loans from the Department of Water and Power pursuant to Los Angeles Administrative Code Section 23.141(e). The General Manager shall report to the City Council regarding and identifying all revenues and expenditures 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.
(f) At the close of any fiscal year, surplus money remaining in the fund shall remain in the Fund and shall not revert to the Reserve Fund to ensure the future sustainability of energy efficiency, water conservation, and environmentally sustainable projects.
SECTION HISTORY
Chapter and Section Added by Ord. No. 174,068, Eff. 8-11-01.
Amended by: Title and Section, Ord. No. 182,722, Eff. 10-27-13.