§ 106.415. Proceeds of sales of material, etc.

All moneys received from the lease or sale of public property shall be a part of the revenues of the General Fund-General Services District and shall be credited as unappropriated revenues, unless otherwise provided by the Council, and except that:

(a)

Moneys received from the sale or lease of public property (less the expenses attributable to such sale or lease) in the Enterprise Fund shall be credited as unappropriated revenues of the appropriate enterprise activity.

(b)

Moneys received from the sale or lease of public property (less the expenses attributable to such sale or lease) in the Internal Services Fund shall be credited as unappropriated revenues of the appropriate activity.

(c)

Money received from the sale or lease of public property (less the expenses attributable to such sale or lease) owned by an independent agency shall be paid over to the independent agency.

(d)

Moneys received from the sale or lease of public property (less the expenses attributable to such sale or lease) in the Federal Fund shall be credited and disbursed as provided by the applicable state or federal guidelines.

In the case of the exception in subsection (d) of this Section, this Section shall be construed as an appropriation to the appropriate state or federal agency of such portion of the moneys received from such sale or lease as is required by applicable state or federal guidelines to be returned to the state or to the United States, but the remaining undisbursed moneys shall be credited as unappropriated revenues of the Federal Fund generally.

(Ord. 77-691-638, § 2; Ord. 79-1227-657, § 1; Ord. 83-591-400, § 1)

Note— Former § 126.415.