§ 1161.04. Investment generally; return.  


Latest version.
  • Upon receipt of a properly executed voucher, approved by the Director of Public Utilities, the City Auditor is authorized and directed to transfer moneys accumulated in the sinking fund suspense trust (Electric Service), to the trustees of the sinking fund for investment purposes; and vice-versa, upon receipt of a properly executed order from the Division of Power approved by the Director of Public Utilities, the trustees of the sinking fund shall return to the City Treasurer sufficient moneys to reimburse him for any refunds that have been advanced by him, on request from the Division of Power.

(Ord. 478-92: Ord. 422-06 § 2 (part); Ord. No. 2398-2012, § 12, 12-3-2012)