(a) There is hereby established an escrow fund account within the general fund as the regulatory agency surcharge fund, account number 02-201015.
(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) Deposits in this account shall be allowed to accumulate until the principal and interest amounts are congruent with the amount of monies specified in the closure and post closure plan as specified in 40 CFR 258.30.
(d) Funds in excess of 125 percent of the amount required to satisfy the closure and post closure assurances shall be transferred into the capital replacement fund, fund 06.
(Prior Code, § 1-119; Ord. of 3-27-1990)