Vallejo Municipal Code Ch. 3.48 School Grounds Improvement Trust Fund

There is created, pursuant to Section 713 of the Charter of the city, a special fund to be known and referred to as the "school grounds improvement trust fund," into which shall be deposited all payments received by the city from the Vallejo city unified school district for municipal water sales only, all as set forth in that certain "Agreement for Improvement of School Grounds for Expanded Park and Recreation Use," dated December 31, 1974, by and between the city, the Vallejo city unified school district and the greater Vallejo recreation district. The moneys deposited into the fund shall be used for the purposes set forth in the agreement, and shall be subject to the terms and conditions thereof.

(Ord. 266 N.C.(2d) § 1, 1975.)