HomeMy WebLinkAbout1979-2318 DESIGNATING THE SOURCE OF FUNDING FOR THE TRANSIT CAPITAL RESERVE FUND. Aik ,2.3/e
III ORDINANCE NO.
AN ORDINANCE relating to funds and accounts; designating
the source of funding for the Transit Capital
Reserve Fund; and amending Section 3.69.020
of the City of Yakima Municipal Code.
111 BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. Section 3.69.020 of the City of Yakima
Municipal Code is hereby amended to read as follows:
"3.69.020 Source of Funds. The source of funds
for the Transit Capital Reserve Fund shall be by trans-
fer from the Transit Fund of UMTA operating grants
received by the Transit Fund after the date of January
1, 1977, or from such other available funds as may be
authorized from time to time by the City Council.
Revenue received by the City as grants for transit
capital purposes shall also • be placed in the fund."
III Section 2. This ordinance shall be in full force and
effect thirty days after its passage, approval and publica-
tion as provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this
) L i' tA-
day of Ouki-,,,17 , 1979.
7 0 ,, 4 1,y)/eyiehtfyz/
Mayor
ATTEST:
- - .
411 , — ....„
• or. ,,..-•
■ .
-: City C. 'erk /
110
111