Revolving Funds
From Wikipedia, the free encyclopedia
A revolving fund is a fund or account whose income remains available to finance its continuing operations without any fiscal year limitation.
Within federal and state governments, law establishes revolving funds. Revolving funds, established for the purpose of carrying out specific activities, institute a basis under which financing for the cost of goods or services furnished to or by a government agency originate. Revolving funds are to be replenished through charges made for such goods or services.
[edit] External links
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
