(A) All revenues earned and fees collected for stormwater service, including but not limited to, drainage service charges, permit and inspection fees, direct charges, and interest earnings on any unused funds shall be deposited in an account entitled City Stormwater Account.
(B) Disbursements from this account will be authorized by the Board and, as required by law, the Common Council. The disbursements will be used exclusively for the operation, maintenance, and improvement of the city’s stormwater system.
(C) Funds from this account shall not revert to any other Department of Stormwater Management or Civil City Fund and may not be transferred for any other purpose, including to avoid a default on bonds or any Department of Stormwater Management fund or the city.
(Prior Code, § 54.091) (Ord. 0-08-0005, passed 3-24-2008)