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FIN-1.03 - FY 2003-04 State Revenue Sharing Program

FY 2003-04 STATE REVENUE SHARING PROGRAM
Binding City Policy
BCP-FIN-1.03

 
PURPOSE
 
The Council finds:
 
1. The State of Oregon enacted a State Revenue Sharing Program through the enactment of Senate Bill 11 by the 1977 Oregon Legislative Assembly.
 
2. Pursuant to ORS 221.770 the City of Portland must elect to receive the State Revenue Sharing Program funds and must notify the State of Oregon Department of Administrative Services of said election prior to July 31, 2003.

 
PURPOSE
 
NOW THEREFORE, the Council directs:
 
a. The Office of Management and Finance is hereby authorized to notify the State of Oregon Department of Administrative Services, Internal Support Division, that pursuant to ORS 221.770, the City of Portland hereby elects to receive state revenues for the fiscal year 2003-04.
 
HISTORY
Ordinance No. 177593
Passed by Council June 29, 2003.
Filed for inclusion in PPD May 7, 2004.