Chapter 12.18
REVOLVING FUNDS

Sections:

12.18.010    Revolving fund.

12.18.020    Procedure.

12.18.010 REVOLVING FUND.

In the exercise of any of the powers now or hereinafter provided for in Chapters 12.02 through 12.50, including the right to take immediate possession in eminent domain proceedings, the city council may create, use and reimburse a revolving fund or funds.

(Prior code § 1601.56).

12.18.020 PROCEDURE.

The revolving fund may be established, operated, reimbursed, reduced or dissolved, in which event Article 2, Chapter 3, Division 4, Title 4 of the Government Code shall apply.

(Prior code § 1601.57).