All revenues earned and storm water service charges collected for storm water service, including, but not limited to, drainage service charges, permit and inspection fees, directed charges, and interest earnings on any used funds shall be deposited in an account entitled “Gas City Storm Water Revenue Fund” and shall be subject to the provisions of I.C. 36-9-23, as amended from time to time. Disbursements from the Storm Water Revenue Fund shall be authorized by the Board of Works, and, as required by law, by the City Council. Such disbursements shall be used exclusively for the operation, maintenance, and improvement of the city’s storm water system. Funds from this account shall not revert to any other city utilities or the General Fund of the city and may not be transferred for any other purpose.
(Ord. 1-2016, passed 6-7-2016)