§ 102. Special revenue fund established.

There is hereby established a special revenue fund which shall be known as the Special Five-Year Sales Tax Capital Fund.

All officers and employees of the City of Tulsa are hereby ordered to take all necessary action to cause the funds generated by the special five-year sales tax program, including interest received from the investment thereof, to be deposited in the special revenue fund as soon as received by the City of Tulsa.

None of the monies in the special revenue fund shall ever be encumbered or expended for any purpose other than those purposes set forth in this chapter. Any violation of this provision will subject the persons violating this mandate to removal from their respective offices or positions.

The City Treasurer of the City shall take whatever action is necessary to ensure the timely investment of all monies within the special revenue fund and to ensure that all such funds shall always be readily available for immediate expenditure for the projects and purposes set forth in this chapter.

The Mayor, Council and all officers and employees of the City having budgetary duties and responsibilities shall take all necessary and timely action to cause the necessary appropriation of the increased sales tax monies to the Special Five-Year Sales Tax Capital Fund, to the end that the records and data shall always be readily available, and the funds will be encumbered and expended only for the projects and purposes set forth in this chapter.

(Ord. No. 16128)