The county hereby establishes a segregated Public Education Facilities Impact Fee Trust Fund Account. All public education facilities impact fees collected by the county for the Fort Mill Public Education Facilities Impact Fees shall be placed in the Trust Fund Account, until transferred to the school district for expenditure on public education facilities as herein defined. The trust fund shall be an interest-bearing account and all interest earned and accruing to the account shall become funds of the account, subject to the same limitations and restrictions on use and expenditure of funds that are applicable to public education facilities impact fee funds.
(‘77 Code, § 14-56) (Ord. 7396, passed 12-16-96; Am. Ord. 2818, passed 7-16-18)