§ 10-10-103. FINANCING THE FUND.

(a)

Sources. The Fund may be financed from:

(1)

Current expense funds; and

(2)

Any other funds designated and provided by the county.

(b)

Treatment. Monies provided to the fund under subsection (a) of this section shall be treated as a grant to the Fund.

(c)

Repayments. The Director of Budget and Finance shall deposit in the Fund the monies collected for principal and interest on the loans and any authorized loan charges and fees on transactions authorized under this title.

(d)

Non-lapsing. The Fund shall continue from year to year.

(e)

Expenses. The Fund shall be charged for the expenses of administering the provisions of this title.

(f)

Dissolution. If the County Council dissolves the Fund, the monies in the Fund and all monies due and owing at the time shall revert to the general fund of the county.

(1988 Code, §§ 15-351, 15-354) (Bill No. 149-93, § 1, 11-22-1993; Bill No. 49-96, § 9, 7-1-1996; Bill No. 66-96, § 2, 6-7-1996; Bill No. 83-00, § 2, 7-1-2004)