(A) There is created a fund in the town, entitled the park and recreation fund into which shall be deposited all funds transferred from the playground and recreation fund and into which shall be deposited hereafter all funds collected pursuant to tax levies authorized by law subsequent to the date hereof.
(B) The park and recreation fund shall be a continuing fund, and any balance remaining therein at the end of any calendar year shall not revert to the general fund of the town, and shall continue to be subject to expenditure for any purposes properly authorized by law.
(‘82 Code, § 2-106)
Cross-reference:
Parks and recreation, see Ch. 99