The funds received from the collection of the rates and charges provided in this chapter shall be deposited as received by the Authority into a separate fund designated as the Wastewater Operating Fund.
(a) Tap-in fee's receipted into the Wastewater Operating Fund shall be transferred to the Wastewater Equipment Fund and shall be used for equipment replacement.
(b) The Finance Director of the Authority may separately invest the funds of the system and pay investment earnings to the Wastewater Operating Fund or the Wastewater Equipment Fund.
(Ord. 95-16. Passed 9-18-95; Ord. 2022-18. Passed 5-16-22.)