Subsection III. Claims
(Claims)
Article 240.
The term "claim" in this chapter shall mean any right of the ordinary local public body to demand payment of money.
2.
The chief executive shall serve a reminder, institute execution proceedings or otherwise take necessary measures for security and enforcement of claims, as provided by cabinet order.
3.
The chief executive may suspend collection, postpone the term of payment or remit obligations with respect to claims, as provided by cabinet order.
4.
The provisions of the preceding two paragraphs shall not apply to the following claims:
1. Claims arising out of any imposition under the Local Tax Law (Law No.226 of 1950);
2. Claims arising out of administrative fine;
3. Claims incorporated in securities (including those registered under the Law for the Registration of Debentures, etc. or the Law for National Bonds);
4. Claims arising out of bank deposits;
5. Claims to demand payment of money which is to become non-treasury cash;
6. Claims arising out of contributions; and
7. Claims belonging to funds.
Subsection IV. Funds
(Funds)
Article 241.
Any ordinary local public body may by bylaw establish a fund in order to maintain property, reserve money or operate a fixed amount of money for a specific purpose.
2.
Each fund shall be operated in accordance with such purpose as may be defined by bylaw under the preceding paragraph and in a manner both secure and effective.
3.
Any fund established under paragraph 1 in order to procure property or reserve money for a specific purpose shall not be disposed of for any other purposes.
4.
Profits accruing from the operation of a fund and expenses necessary for the custody of a fund shall be incorporated in the budget of revenues and expenditures for each fiscal year.
