Revolving Funds

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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.

Revolving Funds are useful funding sources for historic preservation projects. A non-profit preservation organization would establish a fund to receive donations and other capital which is used by the organization to purchase endangered property which is then resold with easements. Some organizations also make loans for building renovations. The Providence Revolving Fund is one of the largest local revolving funds in the country.

[edit] External links

• U.S. Congressional Glossary