Legal Definitions - borough fund

Definition: The borough fund is the revenue generated by a municipal borough in English law.

Example: The borough of Manchester generates revenue from various sources such as taxes, fees, and fines. This revenue is collected into the borough fund and used to provide services to the residents of Manchester, such as maintaining roads, parks, and public buildings.

Explanation: The example illustrates how the borough fund is the revenue generated by a municipal borough. In this case, the borough of Manchester collects revenue from various sources and uses it to provide services to its residents. The borough fund is an important source of funding for local governments to provide essential services to their communities.