§ 515.2.

CALCULATION OF PERCENTAGE ALLOCATIONS UNDER SECTION 515.01

a.

Notwithstanding Section 515.01 of this Article, the total amount to be allocated under Section 515.01 for each fiscal year shall be reduced by the amount of principal and interest (exclusive of any bond reserve payments) due and payable for that fiscal year on any outstanding agency bonds, as defined in Section 502.8(c) hereof.

b.

This Section 515.2 shall remain in effect so long as Section 502.8 of this Article remains in effect.

ARTICLE 8:[RESERVED]

History

(Added by Ord. 227-94, App. 6/9/94; amended by Ord. 170-13 , File No. 130545, App. 8/2/2013, Eff. 9/1/2013)

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