2.48.340 Variable Rate Debt Service Sinking Fund.

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A Variable Rate Debt Service Sinking Fund is established to accumulate revenues from the City and the Fullerton Redevelopment Agency to retire the debt and pay the interest on the 1987 Variable Rate Bond Issue through the Local Government Finance Authority, with interest to be allocated based upon the average monthly cash balance in said Fund. (Ord. 2624, 1987).

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