Sec. 111.840. - Bartram Park DCSB DRI Revenue Fund.

There is hereby created a trust fund to be known as the Bartram Park DCSB DRI Revenue Fund to receive the Education Mitigation - Educational Assessment Fees for Bartram Park Development of Regional Impact (DRI), pursuant to Ordinance 2000-451-E. The purposes of the funds are to provide funding to the Duval County School Board (DCSB) to be used on capital expenditures for schools serving Bartram Park residents. These monies shall be used only for those purposes. All revenues received are hereby appropriated, and the Director of Finance and Administration, or his or her designee, is authorized and directed to make disbursements to the DCSB from this special revenue fund as they are received and without further appropriation of the City Council. No funds remaining in the special revenue trust account at the end of a fiscal year shall lapse, but rather shall remain in the trust fund and carry forward into the next fiscal year until disbursed by the Director of Finance and Administration. (Ord. 2008-519-E, § 4; Ord. 2016-140-E , § 16)