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(A) An account is established for the deposit of monies for an Aviation Nonreverting Operating Fund.
(B) The account shall be named the Aviation Nonreverting Operating Fund and all funds contained in the account shall be expended only for the purpose of depositing commissions from the sale of fuel at the Madison Municipal Airport and depositing revenues from tie-down fees and hanger rental fees and for expenditures relevant to the operation and maintenance of the Madison Municipal Airport.
(C) The express and written approval of the Board of Public Works and Safety shall be obtained prior to the expenditure of funds from this account.
(D) The account shall be nonreverting and exist perpetually unless terminated by a subsequent Ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent Ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2000-1, passed 4-4-00)