San Jose Municipal Code Part 5 Community Development Block Grant Fund

There is hereby created and established the "community development block grant fund."

(Prior code § 2700.290.)

All moneys and grants received from the United States Government pursuant to Title I of the Housing and Community Development Act of 1974 (Public Law 93-383) shall be credited to and deposited in the community development block grant fund. The city council may transfer to the fund moneys from the general fund or from any other funds which may be used for the purpose set forth in Section 4.80.270. The city council may, subject to any contractual or other legal limitations, transfer moneys from said fund to any other fund.

(Prior code § 2700.291.)

A. Moneys in the community development block grant fund shall be expended pursuant to appropriation by the city council for purposes authorized by the Housing and Community Development Act of 1974. Said expenditures shall be subject to the limitations prescribed in said act. Said purposes shall include, but not by way of limitation, funding of eligible activities as said activities are defined in said act, and repayment to the federal government of interest income on grant funds in accordance with the terms and conditions of said act.

B. Administrative expenses incurred in connection with development of the city's community development program and the preparation of the grant application therefor which since January 1, 1975, have been expended or encumbered for said development and preparation in the general fund may be transferred to the community development block grant fund and charged against appropriations therein approved for such purpose.

(Prior code § 2700.292.)