§ 2-224. Purpose.

Latest version.

The purpose of the vehicle replacement fund is to accumulate all rental and surplus sales revenues, and interest earnings thereon, received by, or transferred to, the vehicle replacement program in reserve accounts for future scheduled and unscheduled vehicle replacement. The vehicle replacement fund shall be a separate and protected fund and shall be used for no purpose other than capital expenditures necessary for the replacement of city vehicles designated for replacement by the vehicle replacement program.

(Ord. No. 1452, § 1, 9-23-86)

                    
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