Public Fund
/ˈpʌblɪk fʌnd/
Definitions
- (n.) A sum of money or resources held by a government or public authority for public purposes.
The city allocated public funds to improve local schools.
- (n.) Monies collected from taxpayers and managed by governmental entities.
Public funds must be used in accordance with legal appropriations.
Forms
- public fund
- public funds
Related terms
See also
Commentary
Public fund typically denotes money under government control designated for official expenditures; drafting should specify governmental source and intended use.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.