(A) The county hereby establishes a Special Fund referred to as Development Area No. 1 Special Fund. The county shall maintain the Special Fund, created hereby, which shall be pledged for the purposes set forth by this chapter. The County Treasurer will collect the increments, and other revenue, as set forth in the Act and deposit the monies in the Special Fund. Funds deposited in the Special Fund shall be disbursed at the times and in the amounts requited by the county and, if permitted by the Act, to pay debt charges on increment bonds, if any, and for any other public legal purpose as determined by the county's Fiscal Court as provided for in the Act.
(B) The county may establish other funds and accounts as may be necessary or required with respect to the increments and the issuance of increment bonds.
(Ord. 05-13, passed 9-20-05)