All drainage impact fees collected pursuant to the provisions of this article shall be placed into special funds which are hereby created and established for such purposes and which shall be known as the Drainage Impact Fee Fund. Revenue deposited into the Fund shall be used for the construction, reconstruction and related work for the improvement of the storm water drainage facilities in the benefit area. Separate funds may be established for separate projects.
(1966 Code, § 6A.1-2) (Ord. 529, (part))