Can a sinking fund be used for purposes other than debt repayment?

What we do. The Sinking Fund Commission administers the Philadelphia Gas Works (PGW) Pension Plan. The plan provides pension benefits for eligible employees of ... Oct 22, 2024 ... A sinking fund is a savings method that helps fund a specific purchase or expense by a certain date. Justia › U.S. Law › U.S. Codes and Statutes › Oklahoma Statutes › 2024 Oklahoma Statutes › Title 70. Schools › §70-1-119. Sinking fund - Definition. Mar 20, 2025 ... A sinking fund is a strategic way to save money by setting aside a little bit of money each month. Here's how sinking funds work. The 2024 Sinking Fund Millage will be on the ballot on November 5th, 2024. The proposal seeks a 1.75 mill levy over a period of five years. If approved by ... 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. Sinking Fund. Thank You. Lake Orion Community Schools voters approved the Building and Site Sinking Fund in August 2016, providing a dedicated source of funding ... The policy was inaugurated by Hamilton in 1790 as a method of enhancing public credit by committing the government to redeem its debt. 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 ... Sinking Fund Renewal. On May 6, 2025, the district will be asking voters to decide on the renewal of our Sinking Fund. For 10 years, this fund has been an ...