Compton Municipal Code § 4-4 Air Quality Improvement Trust Fund

[Ord. #1862, § 3]

There is hereby established in the City Treasury a separate interest-bearing trust fund account to be known as the "Air Quality Improvement Trust Fund", to be deposited in a financial institution authorized to receive deposits of City funds, in order to comply with the requirements set forth in Section 44243 of the California Health and Safety Code in order to receive fee revenues for the purpose of implementing programs to reduce air pollution from motor vehicles.

[Ord. #1862, § 3]

Upon receipt of additional vehicle registration fees disbursed by the Southern California Air Quality Management District (District) and remitted to the City, the City Controller shall deposit such funds into the Air Quality Improvement Trust Fund. All interest earned by said Fund shall be credited only to that account.

[Ord. #1862, § 3]

All revenues received from the District and deposited in the Fund account shall be exclusively expended on mobile source air pollution reduction programs, as defined in Subsection 4-4.4 below. Such revenues shall be expended within one year of the completion of the programs.

[Ord. #1862, § 3]

Any program or project implemented by the City to reduce air pollution from motor vehicles which it determines will be consistent with the California Clean Air Act of 1988 or the plan proposed pursuant to Article 5 (commencing with Section 40460) of Chapter 5.5 of Part 3 of the Health and Safety Code.

[Ord. #1862, § 3]

The City consents to an audit of all programs and projects funded by vehicle registration fee revenues received from the District pursuant to Section 44223 of the Health and Safety Code. The audit shall be conducted by an independent auditor selected by the District as provided in Section 44244 of the Health and Safety Code.

§ 4-5. through § 4-10. (RESERVED)