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M
9 ORDINANCE NO.
15,780 414
AN ORDINANCE TO AMEND ORDINANCE 15,577
APPROPRIATING FUNDS FOR CERTAIN EXPENDITURES.
WHEREAS, the Board of Directors of the City of Little Rock,
Arkansas adopted the Budget Ordinance of the City of Little Rock,
Arkansas for 1989 on November 15, 1988; and
WHEREAS, Section 6 of Ordinance 15,577 appropriated funds from
the Special Projects Fund and the Revenue Sharing Fund for the
creation of a new Economic Development Fund, in part based upon
estimates of interest to be earned during 1989; and
.WHEREAS, actual interest earnings of the various funds for
1989 are now more accurately determinable, and certain normal
variances occurred from the estimates used in the appropriations
made in Section 6 of Ordinance 15,577; and
WHEREAS, it is necessary and desirable to adjust the
appropriations made in Section 6 of Ordinance 15,577 to reflect the
actual interest earnings during 1989;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the first sentence of Section 6 of Ordinance
15,577 is hereby deleted and replaced by the following
sentence - "There is hereby appropriated $3,650,000 from the
Special Projects Fund and $1,850,000 from the Revenue Sharing
Fund for the creation of a new Economic Development Fund."
SECTION 2. That all other provisions of Section 6 of
Ordinance 15,577 and all other sections of that ordinance
remain in full force and effect.
PASSED: November 21, 1989
ATTEST:
Y CLERK JANXI JAN CZECH
APPROV D AS TO M:
M RK STODOLA, CITY ATTORNE
APPROVED:
MAYOR FL YD G. VILLINES, III
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