Title
AN ORDINANCE establishing the electric-vehicle-charging infrastructure fund; and adding a new section to K.C.C. chapter 4A.200.
Body
STATEMENT OF FACTS:
The electric-vehicle-charging infrastructure fund will be funded by the electric-vehicle-charging infrastructure central rate to allocate costs related to electric-vehicle-charging infrastructure.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
NEW SECTION. SECTION 1. There is hereby added to K.C.C. chapter 4A.200 a new section to read as follows:
A. There is hereby created the electric-vehicle-charging infrastructure fund.
B. The fund shall be a first tier fund. It is an internal service fund.
C. The director of the department of executive services shall be the manager of the fund.
D. All receipts from rates charged for providing electric-vehicle-charging infrastructure to county agencies shall be deposited in the fund.
E. The fund shall provide for the receipt of bond proceeds, grants, and other
revenues and disbursement of expenditures used to support electric-vehicle-charging infrastructure in county-owned facilities.