reserve account :

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reserve account

  • n  funds taken out of earnings to provide for anticipated future payments
News & Articles

  • Sequester cuts put BHA on path to wipe out reserve for aid
    The Boston Housing Authority, which delivers rental assistance to 13,500 poor people who live in privately owned apartments, will completely drain its reserve account by the end of the year, leaving it unable to absorb any more federal cuts without putting people on the streets. “Unless there is some relief on the federal level, this housing authority and housing authorities throughout the ...
    Oct. 14, 2013 - Boston Herald
  • Reserve Funds Surprise Holland School Board
    The Holland Central School Board was recently shocked to learn its repair reserve account actually had money attached to it. The board was unsure how or when the money was transferred.
    Oct. 12, 2013 - East Aurora Advertiser

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