A revolving fund is a fund or account whose income remains available to finance its continuing operations without any fiscal year limitation. In case the Fund concerns a Government funded project whose budget goes through annual parliamentary appropriations that relate to a fiscal year then the unutilized balance shall lapse after the close of financial year. However it shall stand restored next year provided the agency concerned includes the amount in next year's appropriation.

Within federal and state governments, law establishes revolving funds. Revolving funds, established for the purpose of carrying out specific activities, institute a basis under which financing for the cost of goods or services furnished to or by a government agency originate. Revolving funds are to be replenished through charges made for such goods or services.

Revolving funds are useful funding sources for historic preservation projects. A non-profit preservation organization would establish a fund to receive donations and other capital which is used by the organization to purchase endangered property which is then resold with easement

Easement

An easement is a certain right to use the real property of another without possessing it.Easements are helpful for providing pathways across two or more pieces of property or allowing an individual to fish in a privately owned pond...

s. Some organizations also make loan

Loan

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....

s for building renovations. The Providence Revolving Fund is one of the largest local revolving funds in the USA.