Ordinance 68396

Summary

BOARD BILL NO. 106 INTRODUCED BY PRESIDENT LEWIS E. REED AND ALDERMAN STEPHEN CONWAY An Ordinance pertaining to the Transportation Sales Tax imposed pursuant to Senate Bill 432 as adopted and approved by the voters of St. Louis City on August 2, 1994, pursuant to Ordinance 63168; creating the “City Public Transit Sales Tax Trust Fund” directing the Treasurer of the City of St. Louis to deposit funds received pursuant to said sales tax into the “City Public Transit Sales Tax Trust Fund” appropriating NINE MILLION, NINE HUNDRED SEVENTY–FIVE THOUSAND DOLLARS ($9,975,000) from the said sales tax for the period herein stated to the Bi-State Development Agency for certain purposes; providing for the payment of such funds during the period July 1, 2009 through, June 30, 2010; further providing that in no event shall the Comptroller draw warrants on the Treasurer for an amount greater than the amounts of the proceeds deposited in the “City Public Transit Sales Tax Trust Fund” during the period of July 1, 2009 through June 30, 2010; containing a severability clause.

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