HomeMy WebLinkAboutOrdinance 1403ORDINANCE NOo 1403
AN ORDINANCE CLOSING THE STATE REVENUE SHARING
FUND AND TRANSFERRING THE BALANCE AS OF
JUNE 30, 1980 TO THE CITY°S GENERAL. FUND
WHEREAS, ORS 294.475 authorizes elimination of unnecessary
funds and disposition of balances therein. to the general fund, and
WHEREAS, the necessity for maintaining the state revenue
sharing fund of the City of Central Point has ceased to exist, and
a balance remained. therein. at the end of the 1979-80 fiscal year,
to-wits June 30, 1980, now, therefore,
THE PEOPLE OF THE CITY OF CENTRAL POINT DO ORDAIN AS
FOLLOWS:
Section to The Council hereby finds. and declares that
the necessity for maintaining the state revenue sharing fund of
the City o£ Central Point has ceased to existo
Section 2. The balance in the state revenue sharing fund
as of June 30, 1980 shall forthwith be transferred to the general
fund of the City of Central Point, and the state revenue sharing
fund shall be closede
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Approved by me this..
19800
Ordinance Noe 1403