(a) There is hereby established an escrow fund account within the general fund as the state garbage tax, account number 02-201004.
(b) All revenues and the interest derived therefrom deposited in this account shall be as delineated by ordinance from the sanitation collection and disposal services revenue accounts 4151 and 4185.
(c) Disbursement of funds from this account shall be to the state department of health, municipal solid waste management branch, in accordance with the procedures promulgated by that office.
(d) This fund shall be allowed to be maintained at a level of not more than 125 percent of the anticipated garbage tax for any one calendar year. Funds in excess of the 125 percent shall be transferred into capital replacement fund account number 06.
(Prior Code, § 1-118; Ord. of 3-27-1990)