A. Donations of money, a cash equivalent and/or a negotiable security may be accepted by the mayor or the mayor's designee in consultation with the finance department. A donation of a negotiable security may be accepted when in the judgment of the mayor or the mayor's designee, in consultation with the finance department, the proposed donation is in accordance with applicable law and the proposed donation is either:
1. Not subject to conditions or specifications; or
2. Subject to conditions or specifications approved pursuant to applicable provisions of this chapter.
B. A negotiable security may be held or sold at a marketable rate and the proceeds of such sale used consistent with any donor conditions or specifications and, if there are no such conditions or specifications, in accordance with subsection C of this section or any other applicable provisions of this chapter.
C. A donation of money, a cash equivalent, or proceeds of the sale of a negotiable security shall be delivered to the finance department and deposited in a fund or account designated by the finance director or the director's designee. (Ord. 42-22, 2022: Ord. 37-20, 2020: Ord. 19-12, 2012)