(a) A district may maintain a revolving fund to be held in trust by a banking institution chosen by the board of directors of the district separate from any other funds and administered by the board of directors of the district.
(b) A district may transfer into its revolving fund money from any permissible source, including:
(1) Bond revenues;
(2) Contributions; and
(3) Loans.
Section: Previous 8-15-106 8-15-107 8-15-108 8-15-109 8-15-110 8-15-111 8-15-112 8-15-113 8-15-114 8-15-115 8-15-116 8-15-117 8-15-118 8-15-119 NextLast modified: November 15, 2016