: a fund set up for specified purposes with the proviso that repayments to the fund may be used again for these purposes
Example Sentences
Recent Examples on the WebLogistics of the bill create a revolving fund, provided by the medical marijuana authority, that sets aside an annual $5 million for county sheriffs to dedicate an officer for one year to the medical marijuana authority. From Usa Today Network And Wire Reports, USA TODAY, 17 May 2022 Once a homeowner sells, transfers or refinances their house, according to the program’s outline, the owner would pay back to the revolving fund an amount equal to 17% of the home’s current value — even if the amount is larger than the initial loan. Hannah Wileystaff Writer, Los Angeles Times, 11 May 2022 Those funds will also be allocated by ADEM through the existing state revolving fund, and LeFleur said ADEM expects the funds to be available by September or October. Dennis Pillion | Dpillion@al.com, al, 13 Apr. 2022 That may include economic incentives, special financing or a pot of money like a revolving fund. Nina Ignaczak, Detroit Free Press, 24 Oct. 2021 If approved, the legislation would start a revolving fund similar to the water infrastructure fund that lawmakers launched in 2013. Robert T. Garrett, Dallas News, 3 May 2021 Madison-Morgan Conservancy of Madison, Ga. received $20,000 for the creation of a sustainable technologies revolving fund.courant.com, 2 Apr. 2021 The task force is asking for an annual $20 million revolving fund for the next 20 years to maintain and remove dams. Anna Liz Nichols, Star Tribune, 3 Feb. 2021 To fund actual bail payments for inmates, the Bail Project uses a national revolving fund. Courtney Astolfi, cleveland, 9 Nov. 2020 See More