The Fund is established as an endowment fund with the interest earnings of the Fund to be used for scholarship awards. The awards shall be used for the purpose of financing a portion of the educational expenses of qualified residents attending eligible Higher Education Institutions as defined in Section 5.439.5 of this Chapter.
SECTION HISTORY
Added by Ord. No. 168,863, Eff. 8-7-93.
Amended by: Ord. No. 181,866, Eff. 10-9-11.