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(a) The Public Facilities Construction Fund shall be used to account for resources to <br />be used for acquisition of land and construction for public facilities. <br />(b) Funding shall consist of the following sources: <br />(1) Interest earnings on the PIR Fund from the distribution of pooled interest earnings; <br />;and <br />(2) Transfers from the General Fund at year-end for excess General Fund Revenue <br />as outlined in the Excess/Deficient General Fund Revenue Policy (#16 05 089) <br />(#24-331). <br />(c) Expenditures shall consist of the following uses: <br />(1) Transfers to the General Fund at year end for deficient General Fund Revenue as <br />outlined in the Excess/Deficient General Fund Revenue Policy 0116 05 089) (#24- <br />331) ; and <br />(2) Costs associated the acquisition of land and construction of public facilities as <br />detailed in the annual Capital Improvement Program or as approved by the City <br />Council. <br />(c) This fund is eligible for inter -fund loans. <br />5. Right -of -Way Acquisition Loan Fund (RALF). (Fund 9410): <br />(a) This fund shall be used to account for resources and expenditures related to the <br />purchase of property for future state road development. <br />(b) Funding shall consist of the following sources: <br />(1) Met Council Grant Funds as outlined in Loan Agreements; and <br />(2) Rental Revenue as outlined in Lease Agreements <br />(c) Expenditures shall consist of the following uses: <br />(1) Right -of Way Acquisitions as outlined in the Met Council Loan Agreements; <br />and <br />(2) Improvements of Leased Properties <br />(d) This fund is not eligible for inter -fund loans. <br />6. Pubic Improvement Revolving Fund The COR (Fund 9468) <br />—(a) The Publio Imw7fement Revolving Fund The COR will be used to account <br />for all costs associated with the development/construction of the COR <br />Project area. <br />—(b) Funding shall consist of the following sources: <br />(1) Land sales within the COR arca <br />(2) Interest earnings on the COR Fund from the distribution of pooled interest <br />ings. <br />mod, E penditurocAmll consist of the following uses: <br />(1) Fff,penditures to the COR area <br />(2) Development/Const ion Imp ovcrncntg autkorized by City Council <br />(e) This fund is eligible for inter fund loans <br />Page 8 of 14 <br />