§ 275.

FUND TRANSFERS

The Board may temporarily transfer moneys to the maintenance district fund from other funds in which such moneys are not immediately needed. The money so transferred shall be used for the purposes provided in this Article and be retransferred from the maintenance district fund out of the first available receipts.

If a district is organized in any year too late for the levy of special assessments in that year or in the next ensuing year, the Supervisors are hereby authorized to transfer funds of the City and County not immediately needed for City and County purposes to the maintenance district fund of the district to be used for the payment of the expenses of such district until such time as special assessment receipts are available therefor. The Board shall include in the levy of special assessments for the district for the first fiscal year in which a special assessment may be levied, a sum sufficient to repay to the City and County the amounts so transferred to the district for the portion or portions of the preceding fiscal year or years for which no levy of special assessments was made for the purpose and the amounts so transferred shall be retransferred to the City Treasury from the maintenance district fund of the district out of the first available receipts from the tax levy.

History

(Amended by Ord. 91-81, App. 2/20/81)

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