3.90.040 Payments into fund – Interest – District surplus.
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The Director of Finance is authorized and directed to pay into such local improvement guaranty fund all interest received from bank deposits of the fund, as well as any surplus remaining in any local improvement district fund guaranteed under the state laws after the payment of all outstanding bonds payable primarily out of such local improvement district fund. [Ord. 3557 § 22, 2002; Code 1970 § 3.08.050; Code 1954 § 2-13.20.]