BRITISH PETROLEUM (BP) SETTLEMENT FUND

New Orleans City Code ch. 70, art. III, div. 37

in effect

New Orleans City Code § 70-415.262 Fund created.

Sec. 70-415.262. - Fund created. A fund is established in the department of finance, under the provision of section 6-207 of the City Charter, to be known as the "British Petroleum (BP) Settlement Fund". (M.C.S., Ord. No. 26604, § 1, 10-1-15)

New Orleans City Code § 70-415.263 Funding and purpose.

Sec. 70-415.263. - Funding and purpose. All revenues collected by the Department of Finance from the British Petroleum (BP) Settlement shall be deposited into the British Petroleum (BP) Settlement Fund. Expenditures from this fund shall be appropriated and recorded properly for the stated purpose and use. (M.C.S., Ord. No. 26604, § 1, 10-1-15)

New Orleans City Code § 70-415.264 Reports.

Sec. 70-415.264. - Reports. The director of the department of finance shall keep detailed accurate books in the administration of the fund and shall make reports to the chief administrative officer and the city council, giving a complete accounting of the revenues and expenditures of the fund annually as part of the annual city audit. (M.C.S., Ord. No. 26604, § 1, 10-1-15)

Source: City of New Orleans, Code of Ordinances and Home Rule Charter (Municode Library, library.municode.com)URL: https://library.municode.com/la/new_orleans/codes/code_of_ordinances?nodeId=PTIICO_CH70FI_ARTIIIFU_DIV37BRPEBPSEFUFetched: 10/28/2026