(A) There is created a street cut deposit fund into which all moneys required to be deposited in such fund shall be deposited.
(B) All moneys collected by the town and placed in the street cut deposit fund shall be transferred from the street cut deposit fund into the motor vehicle fund for use by the town as directed by the Board of Trustees.
(‘82 Code, § 2-114)
(C) All funds currently held in the street cut deposit fund shall be transferred to the motor vehicle fund, and requirements of law necessary to transfer the same shall be undertaken by the Clerk-Treasurer. (Ord. 508, passed 5-9-90)
Cross-reference:
Motor vehicle highway fund, see § 32.31