(a) There is hereby established a special revenue fund to be known as the Northeast Ohio Public Energy Council (NOPEC) Grant Fund, Fund No. 227, to provide for project specific accounting records for the receipt of grant funds, revenues and expenditures associated with the Energized Community Grant Program through NOPEC and any related and necessary design, study, and energy efficiency or energy infrastructure improvements related thereto, and to maintain compliance with any and all state and federal regulatory agencies.
(b) Council may transfer and deposit from grants obtained from other public or private entities, and such other sources as specified by an affirmative vote of Council to be used to fund NOPEC associated grant projects, together with all other necessary and related appurtenances thereto, and to maintain compliance with any and all state and federal regulatory agencies.
(c) Upon approval by Council, this Fund No. 227, shall be used solely for purposes of receipt and deposit of funds relating to the NOPEC Community Grant Program, including but not limited to its energy efficiency or energy design, study, project implementation, infrastructure improvements, together with all other necessary and related appurtenances in the City, and to maintain compliance with any and all state and federal regulatory requirements.
(Ord. 2021-17. Passed 4-6-21; Ord. 2021-29. Passed 7-6-21.)