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Simple English definitions for legal terms
borough fund
Read a random definition: distributive
A quick definition of borough fund:
A borough fund is the money that a town collects from taxes and fees. This money is used to pay for things like fixing roads, maintaining parks, and providing services to the people who live in the town.
A more thorough explanation:
Definition: The borough fund is the revenue generated by a municipal borough in English law.
Example: The borough of Manchester generates revenue from various sources such as taxes, fees, and fines. This revenue is collected into the borough fund and used to provide services to the residents of Manchester, such as maintaining roads, parks, and public buildings.
Explanation: The example illustrates how the borough fund is the revenue generated by a municipal borough. In this case, the borough of Manchester collects revenue from various sources and uses it to provide services to its residents. The borough fund is an important source of funding for local governments to provide essential services to their communities.