15.16.070.03: ESTABLISHMENT OF TRUST FUND AND ACCOUNTS:
A development impact fee trust fund (the "trust fund") is hereby established for the purpose of ensuring that the development impact fees collected pursuant to this chapter are used to address impacts reasonably attributable to new development for which the development impact fees are paid. The trust fund shall be divided into the accounts. The trust fund shall be maintained in an interest bearing account. The interest earned on each account shall not be governed by Idaho Code section 57-127, as amended, but shall be considered funds of the account and shall be subject to the same restrictions on uses of funds as the development impact fees on which interest is generated. (Ord. 985 § 1, 2007)