There is established in the city a special non-reverting fund to be known as the Westfield Fiber Optic Fund (the “Fund”), into which shall be deposited all operational revenues derived from the licensing of the fiber assets and other related funds. The Fund shall be maintained separate and apart from all other funds of the city in accounts approved by the Clerk-Treasurer. The Fund shall not include any funds derived from tax proceeds.
(Prior Code, § 2-446) (Ord. 08-49, passed 12-8-2008)