Chapter 3.78
LANGLEY PARK FUND

Sections:

3.78.010    Established.

3.78.020    Deposit of funds.

3.78.030    Expenditures.

3.78.010 Established.

There is established a separate fund within the city to be known as the “Langley Park fund.” (Ord. 761, 1998)

3.78.020 Deposit of funds.

All donations received by the city and intended for the support of the Langley Park shall be placed in this fund along with any funds budgeted by the city council. Per the Internal Revenue Code, Section 170(c)(1), “charitable contributions” are defined as: “ ... a contribution or gift to or for the use of (1) A State, a possession of the United States, or any political subdivision of any of the foregoing, or the United States or the District of Columbia, but only if the contribution or gift is made for exclusively public purposes.” (Ord. 761, 1998)

3.78.030 Expenditures.

Expenditure from the fund shall be made only for the purpose of maintenance and minor improvements to the Langley Park. (Ord. 761, 1998)