City of Spokane

Spokane Municipal Code

***Note: Many local criminal codes can now be located under Chapter 10.60 SMC while others are now cited under the Revised Code of Washington (RCW), which was incorporated into the municipal code in 2022. (See SMC 10.58.010). Code Enforcement, including Noise Control and Animal Regulations are located in Chapters 10.62 through 10.74.

Home
Title 07
Chapter 07.08
Section 07.08.203
 

Title 07 Finance

Chapter 07.08 Funds

Article III. Debt Service Funds

Section 07.08.203 HUD Section 108 Loan Guarantee Debt Fund

There is established a debt service fund to be known as the “HUD Section 108 loan guarantee debt fund” into which shall be deposited rent and guaranteed payments from the developer and interest earnings. The fund will be used to account for the loan receivable, debt service reserve account, debt service principal and interest payments and annual debt issue custodian fees.

Date Passed: Monday, May 7, 2007

Effective Date: Wednesday, June 20, 2007

Recodification ORD C34024 Section 1