The revenues received pursuant to this Chapter 933 shall be deposited with the Treasurer and shall be kept in a separate and distinct fund known as the Stormwater Utility Enterprise Fund. The Stormwater Utility Enterprise Fund shall be used for the payment of the cost of the management, maintenance, operation and repair of the stormwater utility system. Any surplus in the Stormwater Utility Enterprise Fund may be used for the enlargement or replacement of the stormwater utility system, for the construction and reconstruction of said system, for the payment of interest on any indebtedness incurred for the construction thereof, and for the creation of a sinking fund for the payment of such indebtedness, but shall not be used for any other purpose.
(Ord. 2000-73. Passed 10-24-00.)
(Ord. 2000-73. Passed 10-24-00.)