(a) All property taxes designated for wastewater system use and all of the capital charges portion of the variable charges shall be kept and maintained in a separate fund in an account hereby designated the Wastewater Improvement Fund. The revenues from all bonds and notes issued for the acquisition and installation of such system shall accrue to this account and be used for improvement and extension of the wastewater collections system and the wastewater treatment plant.
(b) All of the user charges portion of the variable charges relating to the wastewater collections system shall be kept and maintained in a separate fund in an account hereby designated as the Wastewater Collections System Fund. All operating maintenance, repair and replacement costs for the wastewater collections system shall be paid from this Fund.
(c) All of the user charges portion of the variable charges relating to the wastewater treatment plant shall be kept and maintained in a separate fund in an account designated as the Wastewater Treatment Fund. All operating, maintenance, repair and replacement costs for the wastewater treatment plant shall be paid from this Fund.
(Ord. 75-95. Passed 12-18-1995.)