Tulsa Revised Ordinances tit. 11-C, § 800 Pump Stations Trust Fund.
Section 800. - Pump Stations Trust Fund.
A. The Mayor of the City of Tulsa is hereby authorized and directed to establish a special trust fund, which shall be nonfiscal and known as the Pump Stations Trust Fund ("the Fund"), and to record therein sums of money to be held in escrow by the City of Tulsa for construction or elimination of pump stations in accordance with contracts between the City and third persons concerning such pump stations.
B. The money recorded in the fund shall be disbursed by warrant only for expenditures authorized by the Mayor and the Utility Board for the purposes set forth in this title. The Treasurer is authorized and directed to invest such funds in accordance with and to the extent permitted by the laws of the State of Oklahoma, and to credit the interest received therefrom to the fund.
(Ord. No. 14169)