The Public Improvement Reserve Fund shall be used for acquiring, extending, altering or repairing any public improvement which the city, by charter or by general law, is authorized to acquire, extend, alter or enlarge; provided, that the purposes to which any of the monies in said Fund are appropriated shall be of general benefit to all of the people of the city as distinguished from local improvements, the benefits of which are assessed against the particular district or property improved.
(1979 Code, § 1.72) (Ord. 12, passed 11-1-1944)