Public Funds Law and Legal Definition
Public fund refers to the funds of every political division of a state wherein taxes are levied for public purposes. The term public fund also covers:
1. the revenue or money of a government, state, or municipal corporation; and
2. the bonds, stock, or other securities of a national or state government.
The term also refers to the government spending for acquisition of goods and services for current use to directly satisfy individual or collective needs of the members of the community.
Legal Definition list
Related Legal Terms
- Abuse of Public Office
- Acta Publica
- Ad Vindictam Publicam
- Additional Funds Needed [AFN]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
- All-Purpose Public Figure
- American Institute of Certified Public Accountants [AICPA]
- Approved Provider [Public Safety]
- Assistant Secretary of Defense for Public Affairs
