(Added by Ordinance No. 166407, Apr. 7, 1993.) The Sewer Revolving Loan
Fund is hereby made a part of the Code of the City of Portland, Oregon, for the
receipt of monies derived from transfers made to the Fund from the Sewer System
Operating Fund, and monies derived from the re-payment of loans made to
properties participating in the Private Plumbing Revolving Loan Program.
Monies from this Fund, including interest earned by the Fund, shall be used for
making loans to certain owners of single-family residential property located in
the Mid-Multnomah County Sewer System Project, and shall be expended only for
duly authorized payments to cover the costs of implementing the Private Plumbing
Revolving Loan Program. Money in the Sewer Revolving Loan Fund may be
commingled with other City money for investment purposes. Should this Fund
become unnecessary any monies remaining in this Fund shall be paid to the Sewer
System Construction Fund.