(a) All payments collected or received for payment of assessments and interest pursuant to Section 890.07 shall be paid into a separate account and shall be used solely for the payment of interest and principal of the notes issued to finance the Business Improvement District.
(b) It shall be the duty of the Treasurer to keep the moneys received by him or her under this chapter separate and apart from all other moneys of the Borough, and no part thereof shall be used for or be apportioned for any purpose other than the payment of the improvements within the Business Improvement District as provided in this chapter.
(Ord. 951. Passed 5-8-00.)