3.16.050 Disposition of interest earned.
This section is included in your selections.
A. All interest earned through such financing shall be and become a part of the assessment improvement revolving fund. (Ord. 1728 (part), 1996)
B. Notwithstanding the provisions heretofore made in this chapter, all appropriations made from the revolving fund in excess of the twenty thousand dollar limit is ratified and approved the same as though such authority existed at the time the action was taken. The lien of the assessment for the funds advanced upon the lands benefited is ratified. (Ord. 1151 (part), 1962: Ord. 956 §4, 1952)