Policy Board Adopts Program Income Policy

October 24, 2005 "The NRP Polcy Board adopted a policy on "Use of Program Income" at its October 24th meeting. The policy clarifies that program income generated from NRP neighborhood-funded investments in each neighborhood will be reserved for future use by that neighborhood.

The City Council passed a resolution on August 19, 2005 in which the Council "recognizes and is committed to continuing the current practice by the City to hold, reserve and account for program income generated within an NRP neighborhood for future use by that NRP neighborhood". An amendment to the City's NRP Ordinance is being prepared that would make this important policy a part of the existing ordinance.

Download a copy of the policy on Use of Program Income



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