(a) With the exception of Federal Revenue Sharing Funds, Sewer Bond Improvement Fund, and any construction funds which are or are to be funded by notes or bonds, all interest earned on moneys in depositories of this Municipality shall be allocated by the Director of Finance to the credit of the General Fund of the Municipality.
(b) Interest generated from money received from a motor vehicle license and the fuel tax which funds are allocated separately to the Street Construction Maintenance and Repair (SCMR) Fund, the State Highway Fund, and the Permissive License Fee Fund shall be allocated to the specific fund to which the principal moneys have been allocated.
(Ord. 78-4. Passed 1-17-78; Ord. 2007-4. Passed 1-16-07; Ord. 2017-12. Passed 5-16-17.)