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City of Portland

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5.04.170 Revenue Sharing Fund.

(Added by Ordinance No. 135516, effective November 2, 1972.)  The Revenue Sharing Fund is hereby created for the receipt and expenditure of monies received from the federal government under the State and Local Fiscal Assistance Act of 1972.  Into this Fund shall be deposited all payments received from the federal government under the Act, interest earned thereon while in this Fund and any other monies which are appropriate revenues of this Fund.  The monies shall be expended only for purposes authorized under the Act.