To implement the foregoing declaration, the Council hereby creates, pursuant to the provisions of Sections 53730.5 through 53737 of the Government Code of the State, a Special Capital Outlay Fund for the acquisition, improvement, and development of open space, public parks, parkways, and median islands, to be kept and held by the Director of Finance in a Special Capital Outlay Fund as provided for in Title 5, Division 2, Article 4, of the Government Code, of the State, the funds of which are to be budgeted and expended by the Council only for the purposes set forth in this section.
(§ 1, Ord. 338-NS, eff. December 28, 1972, as amended by part 8, Ord. 1437-NS, eff. July 7, 2005)