Section 27-163 Source of funds; how limited.
Prior to the adoption of Ord. 20582 on 03/15/2010, Section 27-163 read as follows.
super saver energy conservation loans and
energy efficiency and solar
shall be instituted and maintained solely from funds within
borrowed by the enterprise fund
of the water and light utility
, or received from grants to the water and light utility
. No general
revenue funds, nor any other form of public monies, shall be used by or lent to any private person
or business entity under the loan program, but rather such funds as are used shall flow from and
be guaranteed by the enterprise fund of the water and light utility
; provided, however, that
nothing herein shall be deemed to prevent use of the designated loan fund to loan initial principal
for the program to the water and light enterprise fund
(Code 1964, § 15.910; Ord. No. 13794, § 1, 9-7-93; Ord. No. 20065, § 1, 9-15-08)