§ 102-681. Funding of the joint venture prior to the generation of operating revenue.

(a)

Atlanta and Fulton County each agrees to appropriate and pay to the joint venture one-half of all funds as are necessary to enable the joint venture to perform its responsibilities throughout the period of planning and construction and until appropriate allocation formulas are approved and in place, based on a temporary budget to be submitted to and approved by Atlanta and Fulton County.

(b)

All funds of the joint venture shall be maintained in an account or accounts as determined by the commission, and such funds as are within the discretion of the commission shall be disbursed under such procedures as the commission shall determine.

(c)

During the period of planning and construction and prior to the establishment of cost allocation formulas, the commission may, at its discretion, appoint either Atlanta or Fulton County or both as agent or agents to hold and disburse the funds of the joint venture subject to the direction of the commission.

(Res. of 5-28-86, § 4.1)