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(Added by Ordinance No. 170223, July 1, 1996.) The Property Management
License Fund is hereby made a part of the Code of the City of Portland, Oregon,
for the receipt of any revenues derived from assessments levied under the former
downtown Economic Improvement District created by Ordinance No. 164665, together
with all revenues generated by the Downtown Property Management License program
(City Code Chapter 6.06.) Monies derived from proceeds of the Downtown
Property Management License program and delinquent Economic Improvement District
assessments, as well as from interest earned on that money, shall be spent only
for the services described in Section 6.06.010 of the Code of the City of
Portland and for any costs of the
City’s administration of the Downtown Property Management License
program.
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