§ 1149.10. Distribution of stormwater system revenues and utilization of funds.

(a)

There shall be established for the division of sewerage and drainage a stormwater operating fund.

(b)

The distribution of stormwater operating revenues shall be as follows:

(1)

Stormwater Operating Revenues.

One hundred (100) percent of stormwater maintenance revenues shall be allocated to the stormwater operating fund.

(2)

Miscellaneous Revenues.

One hundred (100) percent of all other revenues shall be allocated to the stormwater operating fund.

(c)

Utilization of Funds.

(1)

Stormwater operating fund shall be utilized for the operation, maintenance and improvement costs of the stormwater system, the retirement of stormwater capital improvement program debt, the timely replacement of stormwater system equipment, and all other stormwater management program activities.

(Ord. 1381-94.)