The funds paid and collected pursuant to § 51.52 shall be held by the city in a special fund to be expended only for the purpose of constructing, operating, repairing and maintaining all kinds of conduits, drains, stormwater detention devices, flow impediments, ponds, ditches, drainageways, erosion control devices and appurtenances within the District; or to replenish funds expended by the city that have been expended for the construction of such improvements to serve the District; or to repay the outstanding loan from the municipal utilities to the city which partially financed stormwater utility improvements constructed by the city to serve the District.
(Prior Code, § 4-4B-6) (Ord. 492, passed 3-16-1998)