Title 07 Finance
Chapter 07.08 Funds
Article V. Enterprise Funds
Section 07.08.410 Rate Stabilization Fund
There is created a fund to be known as the “rate stabilization fund” into which all moneys and transfers received by the City from the solid waste management fund, Spokane County and other governmental entities for the stabilization of tipping fees shall be deposited. The moneys deposited into said fund shall be used to stabilize the tipping fees in the early years of the operation of the waste-to-energy facility. Pending the issuance of the regional solid waste management system bonds by the City, the City, County or other governmental entity may borrow up to the amount each has deposited in its respective account for landfill closure costs and project expenses.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1
