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(Added by Ordinance No. 160515 effective Mar. 28, 1988.) The Sewer
System Debt Proceeds Fund is hereby made a part of the Code of the City of
Portland, Oregon, for the receipt of monies derived from the issuance of Sewer
System debt. Monies in the Sewer System Debt Proceeds Fund shall be
transferred to the Sewer System Construction Fund for expenditure and to the
Sewer System Operating Fund for reimbursement of costs associated with the
issuance of debt and to the Sewer System Debt Redemption Fund for the retirement
of debt. Money in the Sewer System Debt Proceeds Fund may be commingled
with other City money for investment purposes.
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