HomeMy WebLinkAbout87-0941Y.+'-
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' BOARD OF SUPERVISORS
,a COUNTY OF.BUTTE, STATE OF. CALIFORNIA
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Resolufion No. 87-9~
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA N0. 82
WHEREAS, the Butte County Board of Supervisors; pursuant to Resolution
No. 75-82, established a County Service Area Loan.Revolving Fund; and
WHEREAS, Government Code Section 25210.9c provides that a County
may appropriate any, of 'its available monies to such fund in an amount not
to exceed $500,000; and
WHEREAS, said Section 25210.9c further provides that said revolving
fund shall be reimbursed from monies made available from a benefiting service
area and that no sums shall be disbursed from the revolving fund until
the Board of Supervisors has, by resolution, established a methad by the
term (not exceeding five years) a~ithin tidhich the county service area is
to reimburse the revolving fund, and specified that the service area also
shall reimburse the funds for interest at the current rate per annum received
on similar types of investments, as determined by the County Treasurer; and
WHEREAS, the Butte County Board of Supervisors has determined that
there is a need to provide funds for revenue not received in County Service
Area No. 82, Sterling City Sewer District, in fiscal year 1985-87.
f~OW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
that:
1.. That $500.00 is to be disbursed from County Service Area Loan
Revolving Fund to County Service Area No. 82, Sterling City Sewer District.
2. The sum disbursed to the above-referenced county service area
shall be reimbursed to the County Service Area Loan Revolving Fund according
to authorized statutes.
PASSED AND ADOPTED by the Butte County Board of Supervisors this
16th day of June, 1987, by the following vote:
AYES: Supervisors Fulton, McInturf, hicLaughlin, Vercruse and Chair Dolan
NOES: None
ABSENT: None
NOT VOTING: None
ULHN, ~nair
County Board of Supervisors
ATTEST:
MARTIN J. NICHOLS, Clerk
of the Board f Supervisors
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