The City Council reserves the right to suspend the operation of this chapter during any period in which the Corona-Norco or Alvord Unified School District fails to:
(A) Establish and maintain a separate accounting fund in which all payments received as mitigation of school impaction shall be held inviolate until properly expended;
(B) Expend such funds only for the construction of school capital facilities; and
(C) Account periodically (at least once each year) for all sums received for school impact mitigation, all sums expended from such mitigation fund and all amounts remaining in the fund.
(`78 Code, § 16.27.050.) (Ord. 1739 § 1 (part), 1984.)