011 of 1991 - Disposition of proceeds0 91-1
0 91-7
SALT LAKE CITY ORDINANCE
No. 11 of 1991
(Disposition of proceeds)
AN ORDINANCE AMENDING TITLE 2, CHAPTER 56, SECTION 170 AND
TITLE 2, CHAPTER 58, SECTION 060, OF THE SALT LAKE CITY CODE,
1988, RELATING TO DISPOSITION OF PROCEEDS, AS FOLLOWS:
Be it ordained by the City Council of Salt Lake City, Utah:
SECTION 1. That Title 2, Chapter 56, Section 170 of the
Salt Lake City Code, relating to Disposition of proceeds, be and
the same hereby is, amended as follows:
2.56.170 Disposition of proceeds.
All moneys derived from the sales of personal property
shall be credited to the general fund of the city, unless the
property was purchased with moneys derived from an enterprise
fund or an internal service fund, in which case the moneys shall
be deposited in the general revenue account of the enterprise or
internal service fund which made the original purchase.
SECTION 2. That Title 2, Chapter 58, Section 060 of the
Salt Lake City Code, relating to Disposition of proceeds, be and
the same hereby is, amended as follows:
2.58.060 Disposition of proceeds.
All proceeds or revenue from the sale of any real property
sold by the city, including real property declared surplus by an
internal service fund of the city, shall be deposited in a
surplus property account within the capital improvements fund of
the general fund. However, if the property was purchased with
moneys from an enterprise fund, or from properties attributable
by the mayor to use by an existing enterprise fund, then the
proceeds or revenue shall be deposited in a surplus property
account within that fund's capital improvements fund. Funds
within surplus property accounts may not be expended without
prior appropriation or approval of the city council.
SECTION 3. This ordinance shall take effect upon the date
of its first publication.
Passed by the City Council of Salt Lake City, Utah, this
5th day of March , 1991.
/a„
CHAIRPERSON
ATTEST:
C T '1•RDER
ansmitted to the Mayor on March 5, 1991
Mayor's Action: XX Approved. Vetoed.
MAYOR
tti-t e
ATTEST:
.:n�:'a C)f4icti
(SEAL)
Bill No. 11 of 1991.
Published: March 13, 1991
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