There shall be established in the books of the Finance Department a trust fund to be designated as the "revenue sharing trust fund" to which shall be deposited promptly upon receipt all payments received under the State and Local Assistance Act of 1972, P. L. 92-512, including any interest earned thereon.
(Ord. No. 169, March 22, 1973; Sec. 6-2.1, R.C.O. 1976)
Expenditures from the trust fund shall be used only for priority expenditures for public safety, environmental protection, public transportation and as further defined in Sec. 103(a) of the State and Local Fiscal Assistance Act of 1972 and any amendments thereto. The expenditures from the trust fund shall follow County appropriation, ordinances and procedures and all fiscal, accounting and audit procedures shall comply with the guidelines set by the Secretary of Treasury. No expenditures shall be made from the fund for matching Federal funds or any other purpose prohibited in the Federal Act.
(Ord. No. 169, March 22, 1973; Sec. 6-2.2, R.C.O. 1976)
(a) 
The Finance Director shall prepare and submit all required reports to the Secretary of Treasury or any other Federal agency or official pertinent to the use, planned use and accounting of the trust fund all in the form required by the Secretary. The Finance Director shall also publish each report required to be published in a newspaper of general circulation published within the State, and shall advise the news media of the publication. The Finance Director shall provide and make accessible to the Secretary books, documents, papers or records required by the Secretary or the Comptroller General.
(b) 
Funds in the trust fund shall be used within a reasonable period, according to the regulations prescribed by the Treasury Department.
(c) 
Expenditure of the funds in the trust fund shall comply with the prevailing wage provisions of the Davis-Bacon Act on any construction project when 25% or more of the costs of the project are paid out of revenue sharing funds.
(d) 
Wages of individuals employed in jobs financed in whole or in part out of revenue sharing funds shall not be lower than the prevailing rates of pay for persons employed by the County in similar public occupations.
(e) 
No person in the United States shall be excluded from participation in, denied the benefits of, or subject to discrimination, under any program or activity funded in whole or in part with revenue sharing funds, on the ground of race, color, national origin or sex.
(f) 
The Finance Director shall comply with and oversee the compliance by all the other departments of all of the provisions of the Davis-Bacon Act and all the regulations established by the Secretary of Treasury pertinent to the provisions of the Federal Act.
(Ord. No. 169, March 22, 1973; Sec. 6-2.3, R.C.O. 1976)