§ 50-2510. Parking System Fund.

(1) To collect proceeds of operation from each parking district;

(2) To pay the principal, interest, redemption premiums, costs, fees, and penalties for borrowings of the Authority either when due or in anticipation of a shortfall in revenue in any funding source identified or pledged to any parking district;

(3) To make inter-fund loans to any 1 or more of the parking districts established pursuant to § 50-2511;

(4) To fund capital projects of the Authority including costs of acquiring property, developing, constructing, renovating, altering, maintaining, improving, repairing, or expanding any public parking facility; and

(5) To pay the administrative costs of the parking districts.

(1) Cash receipts and disbursements;

(2) Loans to and from other parking districts in the parking system fund;

(3) Revenue by source of revenue;

(4) Expenses and expenditures by line item and purpose; and

(5) Revenue and bond proceeds.

(1) To pay the principal, interest, redemption premiums, and other costs, fees, or penalties associated with debt service on facilities within a parking district;

(2) To establish and maintain debt service reserve funds;

(3) To pay the costs associated with the development of, land acquisition for, and construction of capital improvements to existing and future public parking facilities located within a parking district;

(4) To pay the costs of repairing and renovating public parking facilities within a parking district;

(5) To pay the costs of administering, operating, and maintaining facilities located within a parking district; and

(6) To pay the administrative and system fees as determined by the Authority to the Fund.