(A) All revenues earned and fees collected for storm water service, including but not limited to, storm water system user fees, penalties assessed by this chapter or subsequent amendments, or interest earnings on any unused funds shall be deposited in an account entitled “Town of Worthington Storm Water Revenue Fund” and shall be subject to the provisions of I.C. 36-9-23, as amended.
(B) Funds from this account shall not revert to any other town utility or the General Fund of the town and may not be transferred for any other purpose. To the extent that there are outstanding revenue bonds of the town issued pursuant to the provisions of I.C. 36-9-23, as amended, revenues deposited in the Storm Water Revenue Fund shall be subject to the covenants contained in the ordinance or ordinances authorizing such outstanding bonds.
(C) Disbursements from the Storm Water Revenue Fund shall be authorized by the Clerk-Treasurer and, as required by law, the Town Council.
(Ord. 2017-03, passed - -)