Drafter
Clerk 11/21/2019
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AN ORDINANCE related to levy-related funds; and amending Ordinance 14793, Section 2, as amended, and K.C.C. 4A.200.480, and Ordinance 15966, Section 2, as amended, and K.C.C. 4A.200.490.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 14793, Section 2, as amended, and K.C.C. 4A.200.480 are hereby amended to read as follows:
A. There is hereby created the parks and recreation fund.
B. The fund shall be a first tier fund. It is a special revenue fund.
C. The director of the department of natural resources and parks shall be the manager of the fund.
D. The fund shall account for the receipt of tax levy revenues and other ((monies)) moneys, and for the disbursement in accordance with this section:
1. The proceeds of the six-year property tax levy approved by the voters of King County on August 21, 2007, under Ordinance 15759, in excess of the levy limitation contained in chapter 84.55 RCW and other revenue for the park and recreation purposes outlined in this subsection B.2. In accordance with Ordinance 15759, Section 4, the levy proceeds shall be deposited in a levy subfund of the parks and recreation fund, or its successor. The levy shall be used for the purposes specified in Ordinance 15759, Section 5;
2.a. The proceeds of the six-year property tax levy approved by the voters of King County on August 21, 2007, under Ordinance 15760, in excess of the levy limitation contained in chapter 84.55 RCW. Of the proceeds designated for distribution to King County cities and the zoo, a reasonable portion shall be retained by the county to be used for expenditures related to administration of the distribution of levy proceeds. In accordance with Ordinance 15760, Section 4, the levy proceeds shall be deposited in a dedicated subfund of the parks and recreation fund, or its successor.
b.(1) The levy proceeds shall be used only for the eligible purposes specified in Ordinance 15760, Section ...
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