10-11-1: ESTABLISHED BY DISTRICT:
The trust fund established by each District will be maintained by each District for the purpose of ensuring that all District impact fees collected, pursuant to this title, are used to address impacts reasonably attributable to new development for which the District impact fees are paid. Each trust fund shall be divided into the accounts. All funds in all accounts in each trust fund shall be maintained in an interest-bearing account. The interest earned on each account pursuant to Idaho Code section 67-8210(1) shall not be governed by Idaho Code section 57-127, as amended, but shall be considered funds of the account and shall be subject to the same restrictions on uses of funds as the District impact fees on which the interest is generated. (Ord. 439, 10-18-2022)