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.

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Title 07
Chapter 07.08
Section 07.08.306
 

Title 07 Finance

Chapter 07.08 Funds

Article IV. Capital Projects Funds

Section 07.08.306 Capital Projects Construction Fund

  1. There is created the “capital projects construction fund” into which shall be deposited all of the proceeds of the sale of general obligation and limited tax general obligation bonds and notes, state and federal grants, contributions and donations from private sources, and other moneys legally available, to be used for the payment of the costs of capital projects.
     
  2. Any interest earnings on moneys invested from the construction fund shall be deposited into said construction fund. The City’s share of any liquidated damages or other moneys paid by defaulting contractors or their sureties will be deposited into the construction fund to assure completion of the projects.
     
  3. When a particular project has been completed and all costs related thereto have been paid in full, any balance remaining in that account may be used for other capital improvements and betterments appertaining to that project or for other capital projects.

Date Passed: Monday, May 7, 2007

Effective Date: Wednesday, June 20, 2007

Recodification ORD C34024 Section 1