The funds received from the collection of the service charges authorized by this chapter shall be deposited daily with the Director of Finance and shall be accounted for and be known as the Sanitary Service Fund and when appropriated by the City Commission, subject to the provisions of any ordinance or indenture of mortgage authorizing issuance of any securing mortgage revenue bonds for the sanitary service system, shall be available for the payment of the costs and expenses of the management, maintenance and repair of the City sanitary service system and any surplus in such fund following such payment shall be used for the payment of the interest on bonds issued and outstanding or which may be issued to provide funds with which to pay the City's portion of the costs of construction of the sanitary service system, or part thereof, and to retire such bonds when they mature, and for costs incurred in the enlargement or replacement of the City's sanitary service system.
(Ord. 87-240. Passed 7-17-87.)