Chapter 3.101
PUBLIC SAFETY BUILDING DEBT SERVICE FUND, 2023
Sections:
3.101.010 Fund established.
There is hereby created a debt service fund to be known as the “public safety building debt service fund, 2023” as prescribed by the Washington State Auditor’s Office in RCW 43.09.200. (Ord. C-1028 § 2, 2024)
3.101.020 Sources of funds.
Moneys to be deposited into this fund include accrued interest from the sale of the bonds, tax receipts, and other City money legally available for payment of the bonds. All interest earned and income derived from investments shall remain in the debt service fund and be used to meet the required deposits. (Ord. C-1028 § 3, 2024)
3.101.030 Use of funds.
The moneys in the fund shall be used for the purpose of paying the principal, premium, if any, and interest when the bonds are due. (Ord. C-1028 § 4, 2024)