Are there any regulations governing sinking funds?

Jun 2, 2023 ... What is a sinking fund? A sinking fund is a pot of money created by setting aside money regularly to pay for planned yearly expenses. Sinking ... Ferndale Sinking Fund. On the August 2nd, 2016 ballot, a measure was approved that will levy a tax on residents for a Sinking Fund for Ferndale Public Schools. Jun 14, 2023 ... Setting aside money over months or years to pay for that expense can make it easier on your budget. Learn how to bankroll big purchases with our guide to ... Sinking Fund · Definition: A dedicated fund used to repay bond debt and other long-term obligations. Funded through a property tax levy approved by voters. Justia › U.S. Law › U.S. Codes and Statutes › Oklahoma Statutes › 2024 Oklahoma Statutes › Title 70. Schools › §70-1-119. Sinking fund - Definition. Jul 23, 2024 ... A sinking fund simply means money put aside over time for a particular purpose, like a big bill. By having sinking funds set up, I didn't have to worry about ... Dec 6, 2022 ... My question is about how to handle the monthly movements from Checking to my Sinking Fund (Savings account). There shall be created a sinking fund, which shall be sufficient to pay the accruing interest on such debt, and, annually, to reduce the principal thereof. Jan 24, 2020 ... A sinking fund is a dedicated savings account for a single expense. This fund is separate from a general savings account — or your emergency ... The Byron Area Schools 3.0 millage sinking fund will be used for safety and security upgrades, as well as electrical and plumbing upgrades.