Chapter 4.41
INTEREST HOLDING FUND

Sections:

4.41.010    Created.

4.41.020    Disposition.

4.41.010 Created.

There is created an interest holding fund into which the finance director shall, where it is legally permissible to do so, place interest income from city investments.

4.41.020 Disposition.

Sums accumulated in the interest holding fund shall be periodically credited to individual funds, pro rata. [Ord. 10086, 1990].