A separate bank account is not required upon creation of a special trust account. Interest shall be credited to the special trust account monthly, based on the average balance in the account and the average percent of interest realized by the county during that month. The moneys from development impact fees and interest credited to the special trust account may be obligated only by the normal county budget procedure. It shall be the duty of the Finance Officer to account for such funds and the duty of the Budget Officer to establish the necessary audits and other records to ensure that all collections of development impact fees are in accordance with the issuance of building permits as set forth in §§ 33.58 and 33.59. Should, at any time, such fund be determined to have a balance in excess of needs in any six-year period, the County Commissioners shall consider an amendment to lower or eliminate the development impact fees making up such fund. Should the need for any category of fee be eliminated due to state or federal government action or by the County Commissioners, the balance in the trust account along with any unexpended appropriations residing in any fund shall revert to the unappropriated surplus of the county.
(2004 Code, § 102-12) (Ord. 165, passed 11-18-1998)