Los Angeles Administrative Code § 5.111.8 Creation and Administration of Capri Clean-Up Trust Fund.
Sec. 5.111.8. Creation and Administration of Capri Clean-Up Trust Fund.
(a) There is hereby created and established within the Treasury of the City of Los Angeles a separate fund to be known as the “Capri Clean-Up Trust Fund,” hereinafter referred to as the “Fund.”
(b) The Fund shall be used for the receipt and deposit of money received from the State of California along with any interest earned thereon, and other moneys, and shall be only expended therefrom pursuant to and in implementation of City Contract No. C-61348 entered into between the City of Los Angeles, as contractor, and the State of California, acting through the Chief, Contract Management Section of the Department of Health Services, as payment for the work of any City contractor or contractors for clean-up operations applicable to the Capri Pumping toxic waste dump in Los Angeles.
(c) Any money obtained from salvage efforts with respect to site clearance contemplated under Contract No. C-61348 shall be placed into a controlled account in the Fund and disbursed therefrom only after and pursuant to arrangements made between the administration of the Fund and the State Department of Health Services.
(d) The Fund shall be administered, and expenditures therefrom shall be authorized, by the Director of the Bureau of Sanitation or the designee thereof in accordance with established City practice. There shall be no expenditure, transfer or other form of disbursement of money from the Fund, or any authority provided or granted with respect thereto except for purposes directly related to the implementation and the administration of City Contract No. C-61348.
(e) In the event the terms and conditions of work to be performed under the contract have been satisfied, or the contract has been terminated, and the City’s commitments entered into pursuant to the contract have been satisfied and all accounts have been paid, the City Controller, upon approval by the City Council by resolution, may release any remaining moneys in the Fund upon request of the Director of the Bureau of Sanitation for the purposes of reimbursement to the State as contemplated by the contract for deposit into the State’s Hazardous Substance Account in the General Fund of the State created under Health and Safety Code Sections 25330, etc., administered by the State Director of Health Services.
(f) For purposes of this section, Contract No. C-61348 shall include any duly processed supplements or amendments thereto.
SECTION HISTORY
Added by Ord. No. 157,694, Eff. 6-27-83.