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The costs of dissolving the company would have to be recouped from a fund generated by levies on the financial services industry.
The town was not legally obligated to hold a referendum, regardless of public sentiment, because the money budgeted for the purchase was not borrowed; board members planned to tap a $340,000 surplus fund, generated by the 2010 sale of town land to the OSI, which intended to allow bouldering on the property.
Similar(58)
Funds generated by Measure P were forecast to help Burbank put its General Fund into the black — but only for a few years, city officials said last week.
It is to be financed solely through local funds generated by a 1-cent sales tax.
Any excess funds generated by the investments would go to Greece, to service its domestic debts.
This wild landscape is preserved, Mawle argues, thanks to funds generated by grouse shoots.
He wants funds generated by Social Security and Medicare taxes to be set aside and used to pay down debt.
Enter the Suffolk County Legislature with a bailout plan to give the museum $800,000 next year, from funds generated by raising parks fees.
In a departure from other supermarkets, Asda has allocated some of the funds generated by the levy in Scotland to social investment loans through Social Investment Scotland.
WWF says the awareness and funding generated by Earth Hour has led to several significant conservation successes in the past few years.
TriBeCa Bridge Tower was developed by the Battery Park City Authority, which will subsidize the middle-income apartments out of funds generated by the market-rate apartments.
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