§ 72.084. PROCEEDS FROM METER OPERATION.

It shall be the duty of the Assistant Director of PARC to make or provide for the regular collections of money deposited in the parking meters, and to remove or to provide for the removal of the sealed receptacles containing the coins deposited in the meters, and to deliver or to provide for the delivery of the receptacles with the seals unbroken to an authorized agent designated banking facility for counting and delivery to the Trustee for the bonds issued by PARC, for deposit into the Current Revenue Fund established under the original Trust Indenture dated July 1, 1977. Funds generated from use of meter hoods pursuant to § 72.085 shall also be applied to the PARC bond account.

(1999 Lou. Code, § 75.37) (Lou. Ord. No. 394-1986, approved 12-30-1986; Lou. Am. Ord. No. 102-1987, approved 4-16-1987; Lou. Am. Ord. No. 207-1988, approved 7-29-1988; Lou. Am. Ord. No. 163-1998, approved 8-4-1998, effective 12-1-1998; Lou. Am. Ord. No. 0126-2001, approved 10-12-2001; Lou. Metro Am. Ord. No. 64-2005, approved 5-17-2005)