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An ordinance amending Section 5.04.120 of the Metropolitan Code of Laws to increase the threshold of donations that Metropolitan Government departments, boards, and commissions may accept and expend and to require certain information be included in the resolution accepting a donation.
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WHEREAS, Section 5.04.120(A) of the Metropolitan Code of Laws provides that departments, boards, and commissions of the Metropolitan Government that do not have independent authority to accept donations may accept and expend donations with a value of less than or equal to five thousand dollars, exclusive of donations of real property or interests in real property; and
WHEREAS, Section 5.04.120(B) of the Metropolitan Code of Laws provides that departments, boards, and commissions of the Metropolitan Government that do not have independent authority to accept donations may accept donations with a value greater than five thousand dollars, exclusive of donations of real property or interests in real property, with the approval of the Metropolitan Council by resolution; and
WHEREAS, Section 5.04.120 of the Metropolitan Code of Laws was originally established under Ordinance No. BL2014-818 to streamline the donation process and reduce the amount of staff time and resources necessary to process donations; and
WHEREAS, the five thousand dollar donation threshold in Section 5.04.120 of the Metropolitan Code of Laws was established over fifteen (15) years ago in 2006 per Ordinance No. BL2006-1015 and has not been updated since. Adjusted for inflation, this threshold in today's dollars would approximate seven thousand dollars ($7,000) in current real value.
WHEREAS, it is appropriate to update this threshold in the interests of reflecting current fiscal conditions; and
WHEREAS, the citizens of Nashville and Davidson County will benefit by expedited acceptance and use of donations to the Metropolitan Government.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITA...
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