Section 59.13 STORMWATER REVENUE FUND
Section 59.13 STORMWATER REVENUE FUND
All revenues earned and fees collected for stormwater service, including but not limited to, drainage service charges, permit and inspection fees, direct charges and interest earnings on any unused funds shall be deposited in an account entitled “City of Richmond Stormwater Revenue Fund” and shall be subject to the provisions of Indiana Code 36-9-23, as amended. Disbursements from this account shall be authorized by the Board of Stormwater Management and, where required by law, the Common Council. Such disbursements shall be used exclusively for the operation, maintenance and improvement of the City’s stormwater system. Funds from this account shall not revert to any other City utilities or the General Fund of the City and may not be transferred for any other purpose. To the extent that there are outstanding revenue bonds of the City issued pursuant to the provisions of Indiana Code 36-9-23, as amended, revenues deposited in the Stormwater Revenue Fund shall be subject to the covenants contained in the ordinance or ordinances authorizing such outstanding bonds.
More Categories:
- Section 59.01 ADOPTION OF STATE LAW
- Section 59.02 CREATION OF SPECIAL DISTRICT
- Section 59.03. PURPOSE AND OBJECTIVE
- Section 59.04 DEPARTMENT OF STORMWATER MANAGEMENT
- Section 59.05 DEFINITIONS
- Section 59.06 STORMWATER SERVICE CHARGE
- Section 59.07 STORMWATER SERVICE RATE EST.
- Section 59.08 RATE STRUCTURE AND CALCULATION
- Section 59.09 BILLINGS; TERMS OF PAYMENT.
- Section 59.10 APPEALS OF ERU DETERMINATION.
- Section 59.11 CREDIT POLICIES AND PROCEDURE
- Section 59.12 PRIVATE STORMWATER FACILITIES, etc.
- Section 59.14 DELINQUENT FEES AND PENALTIES AS LIE
- Section 59.15 VIOLATIONS, ENFORCEMENT AND PENALTIE
- Section 59.16 SEVERABILITY.
- Section 59.17 EXPIRATION OF RATES FOR BOND DEBT
- Section 59.18 EFFECTIVE DATE OF ORDINANCE