Letter Opinion 1972 Pt.2
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John D. Crowley General Manager of Public Utilities 287 City Hall San Francisco, California 94102 Subject: Transfer of $750,000, Proceeds of Sale of Water Department Land, to General Fund Dear Mr. Crowley: Your letter of August 7 poses the following questions: "It is anticipated that the Water Department will receive an additional three-quarters of a million dollars from the State of California as final payment on the sale of land for use in building Highway 280. The straitened financial condit...ions existing in the City has suggested that consideration be given to making these funds available to the Mayor for general City pxirposes. Would you please provide an opinion on whether and how this can be legally done, CONCLUSION The proceeds of the sale of such land may not be trans- ferred directly to the general fund.
An equivalent amount of $750,000.00 may be transferred from Water Department funds if (1) it is surplus under Charter Section 6.407(a) and (2) if it exceeds by 25 per cent of the total expenditures of the Water Department for operation, repairs and maintenance for the preceding fiscal year, under Charter Section 6.407(e).
What to read after Letter Opinion 1972 Pt.2?
You can find similar books in the "Read Also" column, or choose other free books by San Francisco (Calif.). City Attorney's Office to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
John D. Crowley General Manager of Public Utilities 287 City Hall San Francisco, California 94102 Subject: Transfer of $750,000, Proceeds of Sale of Water Department Land, to General Fund Dear Mr. Crowley: Your letter of August 7 poses the following questions: "It is anticipated that the Water Department will receive an additional three-quarters of a million dollars from the State of California as final payment on the sale of land for use in building Highway 280. The straitened financial condit...ions existing in the City has suggested that consideration be given to making these funds available to the Mayor for general City pxirposes. Would you please provide an opinion on whether and how this can be legally done, CONCLUSION The proceeds of the sale of such land may not be trans- ferred directly to the general fund.
An equivalent amount of $750,000.00 may be transferred from Water Department funds if (1) it is surplus under Charter Section 6.407(a) and (2) if it exceeds by 25 per cent of the total expenditures of the Water Department for operation, repairs and maintenance for the preceding fiscal year, under Charter Section 6.407(e).
What to read after Letter Opinion 1972 Pt.2?
You can find similar books in the "Read Also" column, or choose other free books by San Francisco (Calif.). City Attorney's Office to read onlineMoreLess
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