Money for enforcing illegal vacation rental rules

There is hereby established and created an account to be known as the "Transient Accommodation Enforcement Account" within Fund 251. The fees collected pursuant to Section 8-18.3 are hereby deemed appropriated upon receipt and may be expended to retain independent contractors to assist in the enforcement of illegally operating transient accommodations. The fees may also be expended for materials, supplies, equipment, and training that facilitate inspection and enforcement of such violations. Council notification is required for any single expenditure from this account which exceeds $10,000. Any fines collected when the account has an excess of $250,000.00 in uncommitted funds shall be transferred and deposited into the General Fund at the close of the fiscal year. The Planning Department shall annually report to the Council, as part of the Mayor's budget submittal on March 15 of each year, the expenditures and outcomes of said account.