190.03. Administration.

   The provisions of Chapters 187, 191 and 193, Toledo Municipal Code, shall apply to the depositing, accounting and expending of funds provided for in this chapter.

(Ord. 712-86. Passed 9-16-86.)

190.04. Disestablishment.

   (a)   The Director of Finance shall, within sixty days of enactment of this chapter, present to Council for its consideration legislation which provides for the disestablishment of inactive trust fund and agency fund accounts and the transfer of residue funds to the General Fund of the City, or in the case of State or Federal grant funds, the return to the grantor.

   (b)   Thereafter, on or before March 15, 1987 and March 15 of each and every succeeding year, the Director of Finance shall present to Council for its consideration legislation which provides for the disestablishment of inactive trust fund and agency fund accounts and the transfer of residue funds to the General Fund of the City, or in the case of State or Federal grant funds, the return to the grantor.

(Ord. 712-86. Passed 9-16-86.)

190.05. Continuation and application.

   Trust fund and agency fund accounts in existence at the time of enactment of this chapter shall be administered in compliance with the provisions herein contained.

(Ord. 712-86. Passed 9-16-86.)