HomeMy WebLinkAboutCC Reso No 1985-59RESOLUTION N0. 85-59
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, IN SUPPORT OF AB 2182 AND AB 2570,
CREATING LAWS AGAINST 'MONEY LAUNDERING' WHICH WOULD
CURTAIL THE SALE AND DISTRIBUTION OF DRUGS IN THE STATE
OF CALIFORNIA.
WHEREAS, Assembly Bill 2182 and AB 2570 have been introduced into
the California State Assembly by Assemblyman Steve Clute; and
WHEREAS, Assembly Bill 2182 and Assembly Bill 2570 would create
laws against 'money laundering' which would curtail the sale and distri-
bution of drugs in the State of California; and
WHEREAS, AB 2182 would make it a crime to launder money if the
launderer knows or has reason to know that its source is an illegal one
such as drug dealing; and
WHEREAS, AB 2570 would require financial institutions, such as
banks, savings and loan associations, credit unions, etc. to keep ongoing
records of large cash transactions and file reports with the State Depart-
ment of Justice; and
WHEREAS, drug dealers launder their money through California's
financial institutions in order to make it seem le9itimate and thus escape
investigation; and
WHEREAS, the State of California must do all it can to end the
business of selling drugs illegally; and
WHEREAS, AB 2182 and AB 2570 seek to accomplish this.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Lake Elsinore, hereby urges the enactment of AB 2182 and AB 2570.
PASSED, APPROVED AND ADOPTED this lOth day of September >
1985, upon the following vote:
AYES: KNIGHT, MATSON, STRIGOTTE, VERMILLION, VALENZUELA
NOES: NONE
ABSENT: NONE
ABSTENTIONS: NONE
~!~
RT VALENZUELA, MAYO
CITY OF LAKE ELSINOR
ATTEST:
J ~Ann Money, City Clerk
Approved as ~o Form:
STATE OF CALIFORNIA )
) ss.
COUNTY OF RI~ERSIDE )
I, Jo Ann Money City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the foregoing resolution was duly adopted by the
City Council of the City of Lake Elsinore at a regular meeting of said
Council on the lOth day of September, 1985 , and
that it was so adopted by the following vote:
AYES: COUNCILMEMBERS: KNIGHT, MATSON, STRIGOTTE, VERMILLION, VALENZUELA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
0 ANN MONEY, CITY CLERK
ITY OF LAKE ELSINORE
(SEAi:?
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
ss.
I Jo Ann Money, City Clerk of the City of Lake Elsinore,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct
copy of Resolution No. 85-59 , of said Council, and that the same
has not been amended or repealed.
DATED: September 71, 1985
~~
JO NN MONEY, CITY CL K
C Y OF LAKE ELSINORE
(SEAL)