A separate special revenue drainage fund is established within the city's fund structure as of the effective date of this subchapter, known as the Special Revenue Drainage Fund, for the purpose of completely segregating, identifying the controlling of all revenues and expenses attributable to municipal drainage. All drainage charges collected by the city after the effective date of this subchapter and such other monies as may be available by or to the city for the purpose of drainage shall be deposited in the Special Revenue Drainage Fund. Such drainage revenues shall be used for the purpose of the creation, operation, planning, engineering, inspection, construction, repair, maintenance, improvement, reconstruction, replacement, extension, new construction, administration, and other reasonable and customary charges associated with the operation of the drainage system. It shall not be necessary that the expenses from the Special Revenue Drainage Fund for any authorized purpose specifically relate to any particular benefited property from which the revenues for such purposes were collected. The income derived from the operation of the drainage system must be segregated in one or more accounts and completely identifiable from other city accounts. Drainage charges will be used for the sole purpose of drainage and will not be transferred to other municipal fund accounts for non-drainage purposes, accept where specifically permitted by Subchapter C of the Tex. Loc. Gov't Code Chapter 402.
(Ord. 2002-16, passed 9-24-02)