1972-153 OrdinanceORDINANCE NO. 1972 - 153
Offered by l.;ayor Hartlaub
ESTABLISHING A SPECIAL FUI.!D KNOWN
AS THE FEDERAL GEneRAL REVE~'~UE
SIiARING TRUST FUND
%.~IEi~AS, the Congress has enacted the State and Local Fiscal Assistance
Act of lCJ72 providing a system of general revenue sharing with states and
units of local government, and
~'~{EP, EAS, Section 123 (a) (1) of the federal act requires each unit
of local government to establish a trust fund to receive federal revenue
sharing, and
~.~IEREAS, the Bureau of Inspection and Supervision of Public Offices
has approved the establishment of a "Federal General Revenue Sharing
Trust Fund" in each municipal corporation receiving assistance under the
federal act, as required by Section 5705o12, of the Ohio Revised Code;
NOW THEPaEFOPdZ BE IT ENACTED BY ~I~iE COUNCIL OF II-IE CITY OF FAIRLAWN:
Section 1. There is hereby established a special fund to be known as the
"Federal General Revenue Sharing Trust Fund" under the pro-
visions of Section 5705o12 of the Ohio Revised Code.
Section 2. All monies paid to the city under the State and Local Fiscal
Assistance Act of 1972 shall be credited to said fund and
expended in accordance with the terms and provisions of said
federal act.
Section 3. This Ordinance shall take effect and be in force from and
after ten (10) days after its first publication by posting.
Passed December 4,
1972
,
[iilliam F. Reed, Cle.C.k of Council~
Approved: /2 - ~. __ 1972
Approved as to form:
Do
I, William F. Reed, Clerk of Council of the City of Fairlawn, Summit County,
Ohio, do hereby certify that the foregoing Ordinance 1972-153 was duly and
regularly passed by the Council at a Regular Meeting on Decembel~ 4, 1972.
This is to cor:'ify that on__._12.-f' 7~ the
wittli~'~ Ordinance'Resolution was published by
pos'ling a true copy of the same in five public
places within the City as prescribed in Ord. 1972-108.
William F. Reed
Clerk of Council
William F. Reed, Clerk of Council
Ordinance 1972- 153