(A) There is hereby created a Department of Stormwater Management Fund within the Division of the Bedford City Utilities Department. The fund shall be entitled the “Stormwater Fund.”
(B) All revenues earned and fees collected for stormwater service, including but not limited to, drainage service charges, permit and inspection fees, and direct charges shall be deposited in an account entitled, “City of Bedford Stormwater Account.” Disbursements from this account will be authorized by the Bedford Board of Public Works and Safety. Such disbursements will be used exclusively for the operation, maintenance and improvement of the city’s stormwater system. Funds from this account shall not revert to any other Bedford City Utilities or City Fund and may not be transferred for any other purposes.
(Ord. 5-2006, passed 3-14-06)