What is a prerequisite for the Technology Fund to be assessed?

The prerequisite for the Technology Fund to be assessed is that a city must establish it by ordinance. Establishing a fund via an ordinance is a formal legislative process that ensures the fund is created with the authority of the city council or governing body. This process typically involves public discussion, proposal, and a voting mechanism, providing transparency and accountability.

Once the ordinance is in place, it solidifies the framework within which the Technology Fund operates, defining its purpose, scope, and governance. Other options, such as establishing it through a resolution or related to population size or budget approvals, do not reflect this necessary legal framework that an ordinance provides. Thus, the requirement for an ordinance aligns with the best practices in municipal governance, ensuring that funds are managed according to law and public policy.