§ 86-153. Community forest account.  


Latest version.
  • (a)

    Created. There is created within the city's general fund an account called the community forest account.

    (b)

    Deposit; purpose. All money derived from the sale or lease of property located in the community forest, including but not limited to oil and gas leases and timber sales, shall be deposited into the community forest account and held for expenditure for the maintenance and improvement of the community forest.

    (c)

    Established. The city finance director is directed to establish the community forest account within the general fund for the purposes and conditions outlined in this section.

(Code 1968, § 11½-3)