ARTICLE VII: DISPOSITION OF UNIDENTIFIED TAX COLLECTIONS

 

Sec. 10.44.	Deposit with Treasurer; Separate Account in General Fund.
Sec. 10.45.	Credit and Transfer of Identified Funds.
Sec. 10.46.	Escheat of Funds Unidentified for Three Years.

 

SEC. 10.44. DEPOSIT WITH TREASURER; SEPARATE ACCOUNT IN GENERAL FUND.

   All unidentified tax collections shall be deposited by the Tax Collector with the Treasurer and the Controller shall maintain a separate accounting thereof within the General Fund.

(Ord. No. 525(1939), Sec. 1)

SEC. 10.45. CREDIT AND TRANSFER OF IDENTIFIED FUNDS.

   Whenever the identity of a tax collection deposited as provided by the preceding Section is established, the proper account shall be credited and the Controller is hereby authorized to make the necessary transfer of funds.

(Ord. No. 525(1939), Sec. 2)

SEC. 10.46. ESCHEAT OF FUNDS UNIDENTIFIED FOR THREE YEARS.

   All tax collections remaining unidentified for a period of 3 years shall escheat to the City and County in accordance with the provisions of Sections 50050 to 50053 of Government Code, State of California.

(Ord. No. 525(1939), Sec. 4; amended by Ord. 298-00, File No. 001804, App. 12/22/2000)

ARTICLE VIII: FISCAL AGENT FOR BOND PAYMENTS IN NEW YORK

 

Sec. 10.47.	Appointment of Fiscal Agent.
Sec. 10.48.	Payment of Agent.
Sec. 10.49.	Procedure for Payment; Agent's Bond.
Sec. 10.49-1.	Payment of Lost or Destroyed Bond Coupons.
Sec. 10.49-2.	Indemnity Agreement and Account to be Charged.
Sec. 10.49-5.	Clearing House Representative.

 

SEC. 10.47. APPOINTMENT OF FISCAL AGENT.

   The Treasurer of the City and County may appoint a fiscal agent or agents to serve the City and County of San Francisco for the purpose of paying and providing for the payment in the City of New York of the principal and interest due and to become due upon the outstanding bonds heretofore or hereafter issued by the City and County.

(Ord. No. 1184(1939), Sec. 1; amended by Ord. 333-00, File No. 002020, App. 12/28/2000)

SEC. 10.48. PAYMENT OF AGENT.

   A fiscal agent appointed by the Treasurer shall be reimbursed for payment of bonds and coupons in accordance with a fee schedule to be established by the Treasurer of the City and County and approved by the Controller of said City and County. Said Treasurer is hereby authorized and empowered to establish said fee schedule, a copy of which shall be filed with the Board of Supervisors. The Treasurer shall immediately advise the Board of Supervisors in writing of any change in said fee schedule.

(Amended by Ord. 244-68, App. 8/17/68; Ord. 333-00, File No. 002020, App. 12/28/2000)

SEC. 10.49. PROCEDURE FOR PAYMENT; AGENT'S BOND.

   The Treasurer of the City and County may determine the time at which and the manner in which the amounts to become due as provided in the preceding section shall be paid, as well as to how and when the fiscal agent shall be reimbursed for any and all moneys paid out by the fiscal agent in the payment of any coupon or bond. The Treasurer is authorized to require a bond from the fiscal agent for the faithful performance of its duties and for the payment of any moneys which may become due from the fiscal agent to the City and County, the amount and terms of such bond to be approved by the Treasurer, and the premium thereon to be paid by the City and County.

(Ord. No. 1184(1939), Sec. 3; amended by Ord. 333-00, File No. 002020, App. 12/28/2000)