public fund

public fund
Money belonging to the United States, an agency of the United States, a state or subdivision thereof, or a municipal corporation. Smyer v United States, 273 US 333, 71 L Ed 667, 47 S Ct 375; Pinal County v Hammons, 36 Ariz 36, 243 P 919; Beckner v Commonwealth, 174 Va 454, 5 SE2d 525. Money raised by the operation of law for the support of the government or the discharge of its obligation. 42 Am J1st Pub F § 2.

Ballentine's law dictionary. . 1998.

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