17.2.13.040 Authorizations

(a) The Council hereby approves and authorizes the provision of a subsidy to SIS LLC of $0.06 for every gallon sold by the C-Stores.

(b) Such subsidy shall be paid by the Pueblo from revenues received by the Pueblo from the $0.17 per gallon fuel tax paid by the C-Store.

(c) The subsidy shall be used by SIS as much as possible to reduce costs to increase customer traffic to the C-Stores.

(d) The subsidy shall begin within thirty (30) days of the effective date of this Act and shall expire one (1) year from the effective date of this Act.

(e) SIS, LLC shall provide monthly financial and fuel reports, and such other information and documents, to the Governor to support the expenditure and continuation of said subsidy.

(f) The Pueblo de San Ildefonso Council authorizes the Pueblo Governor to initiate the subsidy and develop and execute any documents that may be necessary to support the provision of said subsidy.

(g) The Governor is authorized to take such actions as deemed necessary to carry out the intent and direction this Act.