939.10 INDUSTRIAL COST RECOVERY FUND ESTABLISHED.

   All moneys collected by or through the provisions of this chapter shall be deposited in an Industrial Cost Recovery Fund, and shall be invested, administered and disbursed in accordance with the United States Environmental Protection Agency Guidelines (38 FR 22523) as follows:

   (a)   The moneys collected by the provisions of this chapter shall be collected on a quarterly basis. The charges shall be collected with the user charge but shown separate therefrom on such quarterly billings.

   (b)   The Finance Director may invest such quarterly amounts recovered under this chapter in:

      (1)   Obligations of the United States Government; or

      (2)   Obligations guaranteed as to principal and interest by the United States Government or any agency thereof; or

      (3)   Shall deposit such amounts in accounts fully collateralized by obligations of the United States Government or by obligations fully guaranteed as to principal and interest by the United States Government or any agency thereof.

   (c)   The charges set forth herein are in addition to the sewer use charges as set forth in Chapter 935.

   (Ord. 80-557. Passed 6-25-80.)