§ 56.17. Establishment of Trust Funds.

Latest version.

A.

The transportation impact fees collected by the City pursuant to this Chapter shall be kept in separate accounts from other revenue of the City. There shall be one fund established for each of the Transportation Benefit Areas shown on Exhibit "B" of this Chapter attached hereto and made a part hereof.

B.

Funds withdrawn from these accounts must be used solely in accordance with the provisions of this Chapter. The expenditure of such funds shall require the budgetary approval of the City of Orlando City Council, upon recommendation of the Mayor, or a City-approved Agreement authorizing the expenditure of such funds consistent with this Chapter.

(Ord. of 8-25-1986, Doc. #20552; Ord. of 9-11-2006, § 1, Doc. #0609111005; Ord. No. 2012-40, § 1, 10-22-2012, Doc. #1210221201)

                    
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