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N0. 98-37
BQARD OF SUPERVISORS
*' COUNTY OF BUTTE, STATE OF CALIFORNIA
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Resolufion
RESOLUTION APPROPRIATING MONIES TO
COUNTY SERVICE AREA 76
WHEREAS, the Butte County Board of Supervisors, pursuant to Resolution No. 75-82,
established a County Service Area Revolving Loan Fund; and
WHEREAS, Government Code Section 25210.9c provides that a County may
appropriated any of it available monies to such fund in an amount not to exceed $1,000,000; and
WHEREAS, said Section 252109c 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
method by the term (not exceeding ten years) within which the county service area is to
reimburse the revolving fund, and specified that the service area also sha11 reimburse the funds
for interest at the current rate per annum received on similar types of imJestments, as determined
by the County Treasurer; and
WHERF,AS, the Butte County Board of Supervisors has determined that there is a need
to provide monies to County Service Area 76, Quail Run Lighting and Drainage.
that:
NOW, THEREFORE, BE IT RESOLVED by the Butte County Board of Supervisors
$3,060.00 is to be disbursed from the Revolving Loan Fund to County Service
Area 76.
2. The sum disbursed to County Service Area 76 shall. be reimbursed to the
Revolving Loan Fund according to authorized statutes.
3. County Service Area 76 shall also reimburse the Revolving Loan Fund for interest
at a rate per annum equal to that earned by the County on similar types of
investments, as determined by the County Treasurer.
PASSED AND ADOPTED by the Butte County Board of Supervisors, on this
10th day of March, 1998 by the following vote:
AYES: Supervisors Beeler, Dolan, Houx, Josiassen and Chair Davis
NOES: None
ABSENT: None
NOT VOTING: None
ATTEST:
JOHN S. BLACKLOCK, Chief Administrative Officer
and Clerk of the Board ~
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Fred Davis, Chair
Butte County Board of Supervisors
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C1erklDeputy