(A)   All revenues earned and fees collected for storm water service, including but not limited to, department user fees, availability fees, penalties assessed by this subchapter or subsequent amendments, or interest earnings on any unused funds shall be deposited in an account entitled “Town of Plainfield Storm Water Revenue Fund” and shall be subject to the provisions of I.C. 36-9-23, as amended. Funds from this account shall not revert to any other town utility or the General Fund of the town and may not be transferred for any other purpose. To the extent that there are outstanding revenue bonds of the town issued pursuant to the provisions of I.C. 36-9-23, as amended, revenues deposited in the Storm Water Revenue Fund shall be subject to the covenants contained in the ordinance or ordinances authorizing such outstanding bonds. Disbursements from the Storm Water Revenue Fund shall be authorized by the Town Clerk-Treasurer and, as required by law, the Town Council.
   (B)   Such disbursements shall be used exclusively for the operation, maintenance and improvement of the town’s Storm Water Department, which includes, but is not limited to, the following:
      (1)   Storm water management services, such as studies, design, permit review, plan preparation and development review;
      (2)   Operation, maintenance, repair and replacement of the storm water collection, storage, conveyance and/or treatment infrastructure;
      (3)   Project costs related to constructing major or minor structural improvements to the town’s storm water system;
      (4)   Administrative costs associated with the management of the Storm Water Department;
      (5)   Debt service financing of the town’s storm water-related capital improvements;
      (6)   Funding of studies such as water quantity and quality monitoring, aerial photography and geotechnical work associated with the planning of the storm water-related infrastructure; and
      (7)   Implementation of long range storm water plans developed and approved by the Indiana Department of Environmental Management for elimination of combined sewer overflows.
(Ord. 20-2006, passed 7-24-2006)