Such fund shall be designated the local improvement guaranty fund. For the purpose of maintaining the same, the City of Pullman shall at the time of making its budget and tax levy provide for levy of sums sufficient to pay the outstanding warrants of said fund and to establish therein a balance, which combined levy in any one year shall not exceed five percent of the outstanding obligations thereby guaranteed. (Ord. 18-7 §17, 2018; Ord. 81-39 §2, 1981; Ord. 491 §2, 1928).