Title 07 Finance

Chapter 07.08 Funds

Article VII. Fiduciary Funds

1. There is created a fund to be known as the “Spokane regional transportation council fund” into which shall be placed all moneys of the Spokane regional transportation council pursuant to such agreements as may be made by and among the City, the County of Spokane, and the Spokane Regional Transportation Council designating the City as agent for the purpose of receiving and disbursing funds, maintaining or providing accounting or related services for said council.
    
2. All moneys received into said Spokane regional transportation council fund are to be used exclusively for the purpose of approved projects and expenditures of the council upon order of said council. Expenditures are to be subject to properly approved budgetary authority of the council.

Date Passed: Monday, May 7, 2007

Effective Date: Wednesday, June 20, 2007

Recodification ORD C34024 Section 1