2.26.040 Telecommunications nonreverting fund--Establishment and funding.

A telecommunications nonreverting fund (fund) shall be established in the office of the controller. The fund shall derive its revenues from cable franchise fees and from monies received by the city from the sale, lease, operation or other use of its telecommunications infrastructure. All cable franchise fee revenues received by the city shall be deposited into the fund. In addition, all monies received by the city from the sale, lease, operation, or other use of its telecommunications infrastructure up to a maximum of one hundred twenty-five percent of the total amount previously appropriated from the telecommunications infrastructure portion of the fund shall be deposited into the fund and used for telecommunications infrastructure. (Ord. 04-24 § 2 (part), 2004).