§ 101. Establishment of a special fund for revenue from the 2017 Limited-Purpose Public Safety Permanent Sales Tax.

A.

There is hereby established a limited-purpose special revenue fund which shall be known as the 2017 Limited-Purpose Public Safety Permanent Sales Tax Fund.

B.

All officers and employees of the City of Tulsa are hereby ordered to take all necessary action to cause the funds generated by the 2017 Limited-Purpose Public Safety Permanent Sales Tax, including interest received from the investment thereof, to be deposited into the 2017 Limited-Purpose Public Safety Permanent Sales Tax Fund as soon as received by the City of Tulsa.

C.

None of the monies in the 2017 Limited-Purpose Public Safety Permanent Sales Tax Fund shall ever be encumbered or expended for any purpose other than those purposes set forth in this chapter, unless amended pursuant to Section 102, below. Any violation of this provision will subject the persons violating this mandate to removal from their respective offices or positions.

D.

The City Treasurer of the City shall take whatever action is necessary to ensure the timely investment of all monies within the 2017 Limited-Purpose Public Safety Permanent Sales Tax Fund and to ensure that all such funds shall always be readily available for immediate expenditure for the purposes set forth in this chapter.

E.

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 revenues of the sales taxes to the 2017 Limited-Purpose Public Safety Permanent Sales Tax 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 programs set forth in this chapter.

( Ord. No. 23423 , § 1, 3-3-2016)