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5.04.175 State Revenue Sharing Fund.

City Code Section

(Added by Ordinance 145065, effective January 19, 1978.) 

  1. The State Revenue Sharing Fund is hereby created for the receipt and expenditure of monies received from the State of Oregon under Senate Bill 11 (Engrossed) effective July 27, 1977.  All payments received from the State of Oregon under this Act, interest earned thereon while in this Fund and any other monies which are appropriate revenues of this Fund shall be deposited to this Fund.  The monies shall be expended only for purposes authorized under this Act.