All revenues earned and fees collected for stormwater service, including but not limited to, stormwater user fees, permit and inspection fees, direct charges and interest earnings on any unused funds shall be deposited in accounts permitted under IC 8-1.5-5-8, collectively entitled "Town Stormwater Revenue Funds." Disbursements from this account shall be authorized by the Town Council. Such disbursements shall be used for the operation, maintenance and improvement of the town's stormwater system; to adequately fund depreciation accounts and for payments of principal and interest of authorized bonds for the town's stormwater system.
(Ord. 2021-01, passed 2- -21)