surplus fund

surplus fund
A fund remaining after the accomplishment of the purpose for which an appropriation of public funds was made. Anno: 70 ALR 431. Funds not necessary to be kept on hand in cash for immediate use or ordinary demands have been held to be surplus funds of the state. See Lawrence v American Surety Co. 263 Mich 586, 249 NW 3, 88 ALR 535.

Ballentine's law dictionary. . 1998.

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  • surplus — That which is not needed; that which is left over. Lawrence v American Surety Co. 263 Mich 586, 249 NW 3, 88 ALR 535. A fund constituting part of the capitalization of a corporation, accumulated by profits, earnings, and other increments. A fund… …   Ballentine's law dictionary

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