(a) The Soil Erosion and Sedimentation Control Fund is created within the Village Treasury.
(b) The Village Treasurer may receive money or other assets from any source for deposit into the Soil Erosion and Sedimentation Control Fund. The Village Treasurer shall direct the investment of the Soil Erosion and Sedimentation Control Fund. The Village Treasurer shall credit to the Soil Erosion and Sedimentation Control Fund interest and earnings from fund investments. The Village Treasury may transfer money from the Soil Erosion and Sedimentation Control Fund to the General Fund by resolution of the Village Council.
(c) All fees, cash bonds, money received from an irrevocable letter of credit or a certificate of self-insurance, and reimbursements for expenses incurred by the Village made payable to the Village with regard to Part 91, the Rules or this chapter shall be deposited by the Village Treasurer into the Soil Erosion and Sedimentation Control Fund.
(d) Money in the Soil Erosion and Sedimentation Control Fund at the close of the fiscal year shall remain in the Fund and shall not lapse to the Village General Fund.
(e) The Village shall expend money from the Fund only to administer and enforce Part 91, the Rules or this chapter.
(Ord. 93 A-1. Passed 1-12-11.)