General Fund Advances. The Parties agree that should the city from the City General Fund advance to the Health Fund monies to keep the fund solvent that when the Health Fund balance reaches and maintains Five Hundred Thousand 00/100 Dollars ($500,000.00) the Health Fund shall repay the City General Fund an amount not to exceed Ten Percent (10%) of the fund’s balance each said calendar month thereafter until the City General Fund has been repaid. This section shall also apply to any existing advances that have been made to the health fund prior to July 1, 2009.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
General Fund Advances. The Parties agree that should the city from the City General Fund advance to the Health Fund monies to keep the fund solvent that when the Health Heath Fund balance reaches and maintains Five Hundred Thousand 00/100 Dollars ($500,000.00) the Health Fund shall repay the City General Fund an amount not to exceed Ten Percent (10%) of the fund’s balance for each said calendar month thereafter until the City General Fund has been repaid. This section shall also apply to any existing advances that have been made to the health fund prior to July 1, 2009provision is non fiscal.
Appears in 1 contract
Samples: Employment Agreement
