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A. Created: There is hereby created a Capital Outlay Fund for the City.
B. Purpose: The Capital Outlay Fund shall be used to purchase real estate, fund building projects and other capital improvements for the City.
C. Funding: All collections of use tax receipts shall be placed in the Capital Outlay Fund. (1988 Code § 7-115; amd. Ord. 96-4, 8-6-1996)