There is hereby established a special fund in the City Treasury entitled Stormwater Pollution Abatement Fund. The Council shall designate by ordinance those monies which shall be deposited on a regular basis into the Fund. Monies deposited into the Fund shall not be subject to reversion to the Reserve Fund.
Monies deposited into the Fund shall be expended only for storm drain and storm drainage-related purposes including but not limited to stormwater pollution control. Expenditures shall be made from the Fund as provided in the General City Budget or by Council resolution unless provided otherwise by ordinance, except however that monies in the Fund which were received by the City subject to any limitations on their use may only be expended in accordance with those limitations.