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AN ORDINANCE TO APPROPRIATE $2,071,588 IN THE CAPITAL IMPROVEMENT <br />FUND FOR THE SCHOOLS FACILITIES PLAN. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That the sum of $2,071,588 be, and the same hereby is, appropriated in the <br />Capital Improvement Fund for the School Facilities Plan. <br /> <br /> 2. That of the funds so appropriated, the sums of $1,287,681 received in State <br />Lottery Proceeds and $783,907 received in State Construction monies be placed in separate <br />escrow accounts to be maintained and invested by the City Treasurer until required for <br />expenditure in accordance with the School Facilities Plan. <br /> <br />3, That this ordinance shall take effect on the date of its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia at a meeting held on July 25, <br />2000. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> <br />