268.02 DISPOSITION OF INTEREST EARNED ON INVESTMENTS.

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Kenton, OH Code of Ordinances

CODIFIED ORDINANCES OF THE CITY OF KENTON, OHIO

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268.02 DISPOSITION OF INTEREST EARNED ON INVESTMENTS.

All interest earned on investments authorized by Section 268.01 shall be deposited into the General Fund, except that the Federal Revenue Sharing Fund shall receive a pro rata share of such earned interest based on its proportionate share of the fund balance as determined on the last day of the month in which such interest is received.

(Ord. 84-013. Passed 3-26-84.)

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