[Approved 7-14-1986 as Ch. No. 1970]
The special fund known as the "Land Records
Preservation Fund" shall be maintained by the City of Pawtucket for
the preservation, maintenance and upgrading of all the land records
for the City of Pawtucket.
Said fund shall be created by the transfer of
all unused sums appropriated in the annual operating budget that is
left unspent, through prudent management, for fiscal year 1985-1986
in the Department of Records budget, and all subsequent years, until
such time as all records dating back to the beginning of the microfiche
system are converted to hard copy book form.
The Director of Finance shall relinquish said
funds as the City Clerk deems necessary to accomplish this much needed
preservation of land records for the City of Pawtucket.
The Director of Finance shall invest such funds
in bonds, certificates of indebtedness or notes which are legal investments
for funds of the City. Income derived from said investments shall
be retained for the purposes of this fund. At no time shall the fund
balance in this account exceed $20,000.
