Part 8 — CONVENTION AND CULTURAL AFFAIRS FUND AND CONVENTION AND CULTURAL AFFAIRS

There is hereby created and established the "Convention and Cultural Affairs Fund."

(Prior code § 2700.90; Ords. 19248, 24664, 30069.)

A.

All revenues derived from the operations of the Civic Auditorium Complex, Montgomery Theater, Center for the Performing Arts and San José McEnery Convention Center, including revenues from facility use, services, utilities, and concessions, shall be credited to and deposited in the Convention and Cultural Affairs Fund. The City Council may transfer to the Convention and Cultural Affairs Fund moneys from the general fund or from any other fund which may be used for the purposes set forth in Section 4.80.420. Interest earned from or attributable to moneys in said Convention and Cultural Affairs Fund shall be credited to and deposited in said fund.

B.

The City Council may transfer moneys from said Convention and Cultural Affairs Fund to any other fund. Any and all moneys received by the City from the San José Civic Improvement Authority not required by law or contract to be deposited in some other fund shall be deposited in said Convention and Cultural Affairs Fund; provided, that moneys received after October 1, 1970 from said Authority as 1970 shall be deposited in the Fund from which said expenditures were made.

(Prior code § 2700.91; Ords. 19248, 24664, 30069.)

Moneys in the Convention and Cultural Affairs Fund may, pursuant to appropriation made by the City Council, be expended for costs of operation, repair and maintenance and for costs of construction and improvement of the Civic Auditorium Complex, Auditorium Hall, Montgomery Theater, the Center for the Performing Arts (formerly the Community Theater) and the San José McEnery Convention Center, including but not limited to salaries and wages, fringe benefits, supplies, materials and equipment, legal, administrative and overhead expenses, rent, taxes and other costs and expenses incidental to the operation, maintenance, repair, construction and improvement of said facilities. Nothing contained in this Section shall be deemed to prohibit the expenditure of money for such purposes from any other fund or funds of the City legally available for such purposes.

(Prior code § 2700.92; Ords. 19248, 24664, 30069.)

A.

There is hereby created and established the "Convention and Cultural Affairs Capital Fund."

B.

There shall be deposited into this fund moneys transferred from the Convention and Cultural Affairs Fund or from any other funds which may be expended on the capital purposes set forth in Section 4.80.420. Moneys deposited into this fund from the Convention and Cultural Affairs Fund may be transferred back into the Convention and Cultural Affairs Fund. Moneys in the Convention and Cultural Affairs Capital Fund shall be expended on the capital purposes set forth in Section 4.80.420.

C.

Interest which accrues from moneys in the Convention and Cultural Affairs Capital Fund shall be credited to this fund.

(Ord. 30069.)