revolving fund
noun
: a fund set up for specified purposes with the proviso that repayments to the fund may be used again for these purposes
Examples of revolving fund in a Sentence
Recent Examples on the Web
Additionally, Tracie Marshall, superintendent of Portage’s wastewater treatment plant, said the state revolving fund loan for a solar project and new clarifiers at the plant should be done by Thanksgiving, with work to begin next spring.
—
Doug Ross, Chicago Tribune, 7 Sep. 2023
The $400 million for water and sewer projects would include $195 million for projects identified as high-need and eligible for the EPA’s clean water and drinking water revolving funds.
—Mike Cason | McAson@al.com, al, 14 Mar. 2023
The task force recommended that the legislature consider using funds from the American Rescue Plan Act to provide grants for new and expanded child care programs and suggested creating a revolving fund or providing start-up grants to offset the cost of expansion operations.
—Sarah Swetlik | Sswetlik@al.com, al, 24 Feb. 2023
House Bill 6168 would create a housing production revolving fund for the development of mixed-income public housing, either directly by the new state Department of Housing, or in partnership with local public housing authorities.
—Justin Kelley, BostonGlobe.com, 31 Mar. 2023
The measure also would upgrade child care facilities and protect access to safe drinking water by investing $25 billion in a state revolving fund that ensures communities have clean drinking water and remove dangerous contaminants from local water systems.
—Matthew Daly, The Denver Post, 1 July 2020
Once the project is completed, the partner’s initial equity investment will be returned to a revolving fund to support future partnerships while the partner keeps all fees and earnings on its investment, along with a share of the appreciated value.
—Lorraine Mirabella, baltimoresun.com, 23 Nov. 2021
The association will garner $240,000 in a drinking water revolving fund loan and $60,000 in ARPA funding.
—Washington Examiner, 15 Jan. 2023
The new legislation also sets up a revolving fund at the Treasury Department used to pay whistleblowers with money collected from enforcement actions based on their tips.
—Mengqi Sun, WSJ, 11 Jan. 2023
Doug Ross, Chicago Tribune, 7 Sep. 2023
The $400 million for water and sewer projects would include $195 million for projects identified as high-need and eligible for the EPA’s clean water and drinking water revolving funds.
—Mike Cason | McAson@al.com, al, 14 Mar. 2023
The task force recommended that the legislature consider using funds from the American Rescue Plan Act to provide grants for new and expanded child care programs and suggested creating a revolving fund or providing start-up grants to offset the cost of expansion operations.
—Sarah Swetlik | Sswetlik@al.com, al, 24 Feb. 2023
House Bill 6168 would create a housing production revolving fund for the development of mixed-income public housing, either directly by the new state Department of Housing, or in partnership with local public housing authorities.
—Justin Kelley, BostonGlobe.com, 31 Mar. 2023
The measure also would upgrade child care facilities and protect access to safe drinking water by investing $25 billion in a state revolving fund that ensures communities have clean drinking water and remove dangerous contaminants from local water systems.
—Matthew Daly, The Denver Post, 1 July 2020
Once the project is completed, the partner’s initial equity investment will be returned to a revolving fund to support future partnerships while the partner keeps all fees and earnings on its investment, along with a share of the appreciated value.
—Lorraine Mirabella, baltimoresun.com, 23 Nov. 2021
The association will garner $240,000 in a drinking water revolving fund loan and $60,000 in ARPA funding.
—Washington Examiner, 15 Jan. 2023
The new legislation also sets up a revolving fund at the Treasury Department used to pay whistleblowers with money collected from enforcement actions based on their tips.
—Mengqi Sun, WSJ, 11 Jan. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'revolving fund.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1920, in the meaning defined above
Dictionary Entries Near revolving fund
Cite this Entry
“Revolving fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revolving%20fund. Accessed 19 Apr. 2024.
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