San Jose Municipal Code Part 14 Gift Trust Fund

A. There is hereby created and established a special fund to be known as the "gift trust fund."

B. Except to the extent as otherwise directed by ordinance, resolution or other action of the city council, there shall be deposited in said fund all moneys received by the city as bequests, donations or gifts for special purposes.

C. Each such bequest, donation or gift deposited in such fund, together with interest or other moneys derived from its investment while in such fund, shall be expended only for the purposes for which it was given, and then only pursuant to appropriations from said fund made by the city council.

(Prior code § 2700.200.)