GroundRules
7-12-4226: Investment of surplus reserves.
Where this section sits in the code
- TITLE 7. LOCAL GOVERNMENT
- CHAPTER 12. IMPROVEMENT DISTRICTS
- Part 42. Special Improvement Districts Continued
Surplus reserves not needed for immediate use may from time to time be invested in securities of the United States or certificates of deposit approved by the city council. The interest earned from such investments shall be placed to the credit of the revolving fund.
Collected 2026-09-14T04:45:11Z. Source file · JSON