Vallejo Municipal Code Ch. 3.35 Solano County Rehabilitation Grant Fund

There is created, pursuant to Section 713 of the Charter of the city, a special trust fund to be known and referred to as the "Solano County Rehabilitation Grant Fund" into which shall be deposited all funds received under the agreement made and entered into between the county of Solano and the city, dated August 17, 1979.

(Ord. 509 N.C.(2d) § 1 (part), 1979.)

Moneys deposited in the Solano County Rehabilitation Grant Fund, including any interest earned thereon, shall be expended only in accordance with the laws and ordinances, and procedures promulgated thereunder applicable to the expenditure of restricted special revenues of the city, and shall be used during such reasonable period or periods as may be provided by regulations issued by the director of the California Department of Housing and Community Development pursuant to law.

(Ord. 509 N.C.(2d) § 1(part), 1979.)

The procedures utilized by officers and employees of the city in the fiscal management, accounting, and auditing operations pertaining to control and disbursement of the money shall conform to rules and guidelines established by the planning director of Solano County. After reasonable notice, the officers and employees of the city having charge of the books, documents, papers and records relating to the money shall, upon authorization of the city manager, make same available to the planning director of Solano County and other authorized officials of the federal and state governments, or their respective designees. The city manager or such qualified officer or employee of the city as he designates shall make annual and interim reports as the planning director of Solano County may reasonably require.

(Ord. 509 N.C.(2d) § 1 (part), 1979.)