(a) There is established a non-reverting Hazardous Materials Response fund ("Non-Reverting Hazardous Materials Response Fund") to be used exclusively for the purpose of accepting and disbursing monies received from the collection of hazardous materials response fees assessed by the Carmel Fire Department. The Chief of the Fire Department shall specify the fee amount, consistent with applicable law, and the same shall be assessed against any party responsible for any hazardous material response by the Carmel Fire Department.
(b) The Non-Reverting Hazardous Materials Response Fund shall be administered and maintained as set forth herein, pursuant to I.C., 36-8-12.2-8:
(1) The monies contained in the Non-Reverting Hazardous Materials Response Fund shall be received and deposited therein by the Carmel Fire Department, in accordance with applicable law;
(2) The funds contained in the Non-Reverting Hazardous Materials Response Fund shall be accounted for and maintained separate and apart from all other City funds, and shall be invested with the interest earned thereon deposited into the Non-Reverting Hazardous Materials Response Fund; and
(3) The funds held and accounted for in the Non-Reverting Hazardous Materials Response Fund shall be withdrawn only:
a) At the discretion of the Chief of the Carmel Fire Department;
b) To purchase of supplies and equipment specific to hazardous material responses, for the training of Carmel Fire Department personnel to properly respond to hazardous material emergencies, and payments to obtain services related to hazardous material responses.
(5) All property acquired from monies held in the Non-Reverting Hazardous Materials Response Fund shall be titled in the name of the Carmel Fire Department; and
(6) The life of the Non-Reverting Hazardous Materials Response Fund shall be perpetual, unless terminated by subsequent City ordinance.
(Ord. D-1941-09, 5-18-09; Ord. D-2067-11, 11-7-11)