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Increments derived from the 66 West TIF District in accordance with the terms of this resolution which terms are referred to collectively as the Interfund Loan. Terms of Interfund Loan. thereof as may be paid as Qualified Costs from the Southdale 2 Tax Increment Financing Fund or such other fund identified by the City or HRA. 178 Subd. 7 and is a limited obligation payable solely from Available Tax Increment pledged to the payment hereof under this resolution. This Interfund Loan and the...
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Resolution authorizing an interfund is a formal document that allows the transfer of funds between different accounts within an organization.
The finance department or CFO is typically responsible for filing the resolution authorizing an interfund.
Resolution authorizing an interfund can be filled out by entering details such as the amount to be transferred, purpose of the transfer, and accounts involved.
The purpose of resolution authorizing an interfund is to ensure transparency and proper documentation of fund transfers within an organization.
The resolution must include details such as the date of transfer, reason for the transfer, accounts involved, and approval signatures.
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