Administration of fund.
New Orleans City Code § 70-415.316
in effectSec. 70-415.316. - Administration of fund.
The fund shall be administered by the director of finance and shall be kept in an interest-bearing account, with interest accruing to the benefit of and to become part of the fund. The director of finance may choose to administer the fund solely or partially through an external entity, which entity shall be contractually required to keep accurate and detailed records of any use of the monies in the fund, shall keep funds in an interest-bearing account with interest accruing to the benefit of and to become part of the fund, provide and annual report to the director of finance, and be subject to audit by the city.
(M.C.S., Ord. No. 29116, § 1, 7-21-22; M.C.S., Ord. No. 29418, § 1, 4-20-23)
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_DIV49NEORRECUFU_S70-415.316ADFUFetched: 10/28/2026