§ 35.04 DISPOSITION OF INCOME FROM STATE ECONOMIC DEVELOPMENT GRANTS.
   The City directs that all program income from economic development grants funded by the state’s Department of Local Government shall be deposited into a revolving loan fund. The City Manager is directed to develop guidelines for the creation of the revolving loan fund and the use of the fund consistent with the requirements imposed by the state’s Department of Local Government.
(1995 Code, § 3.04.050)