Reserve for Permanent Public Improvements.

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Section 45-37A-52.139

Reserve for permanent public improvements.

The council may by ordinance establish a reserve fund for permanent public improvements and may appropriate thereto any portion of the general fund cash surplus not otherwise appropriated at the close of any fiscal year. Appropriations from the fund shall be made only to finance improvements included in the capital budget.

(Acts 1955, No. 452, p. 1004, §5.20.)


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