§ 6.14. Reserve for permanent public improvements.

Latest version.

The council may by ordinance establish a reserve fund for permanent public improvements and may appropriate thereto any portion of the general fund balance not otherwise appropriated at the close of any fiscal year. It may likewise assign to such fund a specified portion of the ad valorem tax on real estate and tangible personal property not to exceed ten cents on the hundred dollars of the assessed valuation thereof or the whole or part of the proceeds of any other tax.

(Acts 1980, Ch. 78, § 1)

(Acts 1980, Ch. 78, § 1)

                    
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