Lake Wales (Current through Ordinance 2023-17, Adopted 7-05-2023) |
Code of Ordinances |
Chapter 2. Administration |
Article II. Boards, Committees, Commissions |
Division 14. Enterprise Zone Development Agency |
§ 2-197. Expenditures of funds. [Repealed]
The expenditure of funds by the agency shall comply with the following requirements:
(1) The agency shall have no authority to obligate or expend any funds, including grant funds, without the authorization of the city commission.
(2) The agency shall perform its functions and responsibilities within the resources made available by the city, and shall not exceed its budget approved by the city.
(3) The agency shall not incur any expense, debt, or obligation to be paid by the city, unless such expense, debt, or obligation is previously authorized by the city commission.
(4) The agency commissioners shall not receive any compensation for service, but are entitled to payment of necessary and reasonable expenses incurred in the discharge of their duties if said expenses comply with the agency's approved budget.
(Ord. No. 2004-05, § 1, 4-7-04; Ord. No. 2017-02, § 7, 02-07-2017)