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(Ord. No. 93-13, 4-6-93) Section 308.02. Purpose and intent. The purpose of this chapter is to comply with the requirements of the sections 420-097- 420- 9079 F.S. State Housing Initiatives Partnership (SHIP) Act Program and Rule 67-37 91 37.001 Florida Administrative Code (FAC). As such, this chapter provides for: (1) Creation of the Indian River County Local Housing Assistance Trust Fund in accordance with Rule 67-37.008 91 37.008 FAC; (2) Establishment of the Indian River County Local Housing Assistance Program in accordance with Rule 67-37.005 91 37.007 FAC, under which the Indian River County Local Housing Assistance plan has been adopted; Designation of the responsibility for the implementation and administration of the Indian River County Local Housing Assistance Program; and (4) Creation of the Indian River County Affordable Housing Advisory Committee in accordance with the section 420-9076 F.S. and Rule 67-37.010 91 37.009 FAC. (Ord. No. 93-13, 4-6-93) (3) Section 308.03. Definitions. The definitions provided in Rule 67-37.002 91 37.002, Florida Administrative Code (FAC , - ee •••• section 420-9071 F.S. and in the Indian River County Local Housing Assistance Plan shall apply to the terms used in this chapter. (Ord. No. 93-13, 4-6-93) Section 308.04. Creation of the Indian River County Local Housing Assistance Trust Fund. (1) The Indian River County Local Housing Assistance Trust Fund (IRCLHATF) is hereby created and established consistent with the section 402-9075 F.S. and Rule 67-37.008 FAC. The Indian River County Local Housing Assistance Trust Fund shall be a separate fund account maintained by the Indian River County Board of County Commissioners. Expenditures from the trust Fund must meet all requirements of section 420-9075 F.S. and Rule 67-37 FAC (2) All monies received from the state as the county's share of the •Local Housing Distribution as identified by this chapter, and the provisions of Rule 67 37.008 01 37.007, Florida 3 124