§ 26-28. Funding.

Latest version.

The community development authority shall have no separate source of funding except for funds allocated on a case-by-case basis by the board of trustees or monies received from borrowings or bond issuance by the community development authority, after approval by the board of trustees on a case-by-case basis. Whenever the community development authority desires to undertake a project, it is instructed to submit a proposal to the board of trustees for the allocation of funds to investigate the proposal, receive the approval or disapproval of the board of trustees, and implement the proposal (if approved by the board of trustees).

(Code 1991, § 1.24(10))

                    
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