§ 2-253. Program overview.

Latest version.

(a)

The ABF is a pool of money to be used by the board to achieve economic benefits. The money that is repaid to the ABF is used to construct new available buildings. In that manner, the ABF becomes an ongoing revolving financial tool.

(b)

The ABF is not a substitute for conventional lending sources. Given the small size of the ABF fund, this program is designed to accumulate funds until sufficient monies are available in combination with other sources to fund available building construction for industry.

(c)

As part of the ABF program, the board of county commissioners requires that ABF dollars be allocated in accordance with this division. This division defines specific objectives and operating procedures.

(Ord. No. 90-55, § 3, 10-25-90)

                    
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