§ 50.61 UNLAWFUL USE.

   (A)   No expenditure or withdrawals may be made for the Depreciation Reserve Sinking Fund unless specifically authorized in this subchapter.

   (B)   It is hereby declared unlawful to designate, utilize, expend, or withdraw amounts from the Depreciation Reserve Sinking Fund for any other purposes, including the following:

      (1)   For current operating expenses of the water treatment plant or the overhead storage reservoir;

      (2)   For any other functions, costs, or expenses of the municipal water or sewer utility;

      (3)   For any other function, costs, or expenses for extensions, replacements, or improvements of water mains or sewer lines;

      (4)   For any other function, costs, or expenses of the municipality, whether routine or non-routine;

      (5)   For salaries or wages of any municipal department, including the water and sewer departments; or

      (6)   For the purpose of borrowing funds from the account for another purpose, or for any function not specifically authorized in §§ 50.59 and 50.60.

(Prior Code, § 5.0407) Penalty, see § 10.99