(a) Creation of the Fund. There is hereby created within the Treasury of the City of Los Angeles a special fund to be known as the "Central Los Angeles Recycling and Transfer Station Trust Fund," referred to in this Chapter as the "Fund".
(b) Purpose of the Fund. The Fund shall be used for the deposit and expenditure of the revenue collected from the commercial and private haulers and any other non-City entities utilizing the Central Los Angeles Recycling and Transfer Station. The monies deposited in the Fund may be used to pay for the waste transport contracts and landfill disposal fees related to the commercial and private haulers and non-City entities waste, capital improvements, facility maintenance, equipment procurement and the operating costs related to private waste. Monies deposited in the Fund shall also be used for funding the Central Los Angeles Recycling and Transfer Station Community Amenities Fund.
(c) Appropriation to the Fund. The Controller is authorized to deposit all revenue collected from the commercial and private haulers and any other non-City entities utilizing the Central Los Angeles Recycling and Transfer Station for transferring its waste.
(d) Expenditures from the Fund. Appropriations from the Fund may be made to pay for the waste transport contracts and landfill disposal fees related to the commercial and private haulers and non-City entities waste, capital improvements, facility maintenance, equipment procurement and the operating costs related to private waste, and may also be used for funding the Central Los Angeles Recycling and Transfer Station Community Amenities Fund.
(e) Interest. 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.
(f) Administration of the Fund. The Fund shall be administered and expenditures shall be authorized by the Director of the Bureau of Sanitation. The Director of the Bureau of Sanitation shall report annually to the Board of Public Works, the City Council and the Mayor identifying the amount and source, of all receipts into the Fund, all expenditures out of the Fund, and the purposes for such expenditures. Each report shall cover a fiscal year and shall be submitted within 90 days after the close of said fiscal year.
SECTION HISTORY
Chapter and Section Added by Ord. No. 175,949, Eff. 6-14-04.
Amended by: Subsecs. (b), (d) and (f), Ord. No. 180,359, Eff. 12-27-08.