(A) The Auditor of Warrick County shall establish a separate and dedicated non-reverting fund for the benefit of the Warrick County Stormwater Management Board, to be known as the "Stormwater Board Violation, Restoration, Abatement, and/or Penalty Fund" for the purpose of accepting and holding deposits of violation and/or restoration abatement payments collected pursuant to § 54.11, and/or for the acceptance of deposits for violations payments collected pursuant to § 54.14 for the summary abatement or restoration of a threat to public health, safety, and welfare which has been declared and deemed a nuisance, and for the acceptance of penalties collected pursuant to § 54.99.
(B) The Auditor shall hold such funds in one Fund according to the Indiana State Board of Accounts requirements in such a manner that specific funds can be identified and traced to each separate enforcement, restoration, abatement, and/or penalty action.
(C) The Auditor shall disburse such funds when so authorized by the Warrick County Stormwater Management Board by proper resolution moved, seconded, and receiving a majority affirmative vote. Such disbursement resolution shall also provide sufficient information so that the Auditor may ascertain to whom such disbursement is to be made.
(D) The Stormwater Board Violation, Restoration, Abatement, and/or Penalty Fund shall be perpetual until terminated by the terms of this section or by enactment of a subsequent ordinance or amendment. In the event the Stormwater Board Violation, Restoration, Abatement, and/or Penalty Fund is terminated for any reason, the disposition of the fund balance, if any, shall be determined by the Board.
(BC Ord. 2021-20, passed 4-26-21)