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Sec. 5.593. Creation and Administration of the Fund.
 
   (a)   There is hereby created and established within the Treasury of the City of Los Angeles a special fund to be known as the "Measure W – Safe, Clean Water – Regional Projects Special Fund", hereinafter referred to as the "Fund".
 
   (b)   The purpose of the Fund shall be for the receipt, retention, and disbursement of monies received from the Los Angeles County Safe, Clean Water Program for regional projects (Safe, Clean Water Program for Regional Projects). The monies placed in the Fund shall be used for regional projects pursuant to the Safe, Clean Water Program for Regional Projects.
 
   (c)   The Fund shall be administered by the Department of Public Works, Bureau of Sanitation (Fund Administrator).
 
   (d)   Expenditures from the Fund shall be made by the Fund Administrator solely to fund activities related to the purpose of the Fund and in accordance with the Safe, Clean Water Program.
 
   (e)   At the close of each fiscal year, monies not expended from the Fund, or any account within the Fund, shall remain in the Fund and shall not revert to the Reserve Fund in accordance with Charter Section 344.
 
   (f)   The Fund Administrator shall prepare and present to the City Council an annual report identifying all receipts into and all expenditures out of the Fund; the report shall also identify the purpose of the expenditures. Each report shall cover a fiscal year and shall be submitted within 90 days after the close of that fiscal year.
 
   (g)   The Fund shall be interest bearing. Interest and any other earnings attributable to monies in the Fund shall be credited to the Fund and devoted to the purposes of the Fund.
 
   (h)   Municipal seat representatives of the City of Los Angeles in the applicable Watershed Area Steering Committees of the Safe, Clean Water Program, shall be as follows:
 
   1.   For the Central Santa Monica Bay Steering Committee, the Mayor, Council President, and Chair of the City Council's Energy, Climate Change and Environmental Justice (ECCEJ) Committee, or any successor committee, shall each appoint one municipal seat representative and alternate consistent with the Safe, Clean Water Program requirements for a term of three years;
 
   2.   For the Upper Los Angeles River Steering Committee, the Mayor, Council President, and Chair of the Council's ECCEJ Committee, or any successor committee, shall each appoint one municipal seat representative and alternate consistent with the Safe, Clean Water Program requirements for a term of three years;
 
   3.   For the South Santa Monica Bay Steering Committee, the Mayor shall appoint one municipal seat representative and alternate consistent with Safe, Clean Water Program requirements for a term of three years; and
 
   4.   The City's lead agency to work with Los Angeles County in support of Watershed Area Steering Committee activities associated with the Central Santa Monica Bay, Upper Los Angeles River, and South Santa Monica Bay watersheds shall be the Fund Administrator.
 
SECTION HISTORY
 
Chapter and Section Added by Ord. No. 186,612, Eff. 6-24-20.