There is created the
Street Assessment Revolving Fund
, a permanent revolving fund to be used for financing capital improvements to streets
pursuant to Chapter 740 of the Ordinance Code and F.S. Ch. 170, by special assessment. The Director of Finance and Administration is authorized
and directed to make disbursements from this fund upon the written requisition of
the Director of Public Works. Except as otherwise provided by resolution if and when
street improvement bonds are issued under F.S. Ch. 170, all sums collected from street special assessments under Chapter 740, with interest thereon, shall be immediately credited to this fund and used for no
other purpose.
