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DS-5. Economic Development Funds (B) <br />Recently cities have sought -:racial legislation to establish special funds <br />intended to be used to promote economic growth within their communities. These <br />"capital seed funds", are financed either through general fund monies or general <br />obligation bond proceeds. Cities have used them for the purposes of making <br />grants, loans, and other development activities. <br />-7- <br />