§ 3.40.040. Creation of special funds.

Each fee collected pursuant to this chapter shall be deposited in a special fund created to hold the revenue generated by each such fee. Moneys within each such fund may be expended only by appropriation by the town council for specific projects which are of the same category as that for which the money was collected. In this regard, the following special funds are created and established for the purposes indicated:

A.

A streets, thoroughfares and interchanges fund is established. The fund is a fund for the deposit of fees collected for, and the payment of, the actual or estimated costs of the design, upgrading or improvement of the streets, thoroughfares and interchanges, including any required acquisition of land.

B.

A traffic control (signals) fund is established. The fund is a fund for the deposit of fees collected for, and the payment of, the actual or estimated costs of the design, upgrading or improvement of the traffic facilities, including any required acquisition of land.

C.

A police and safety facilities and equipment fund is established. The law enforcement facilities and equipment fund is a fund for the deposit of fees collected for, and the payment of, the actual or estimated costs of law enforcement facilities, equipment or training, including any required acquisition of land.

D.

A fire facilities, equipment and training fund is established. The fire facilities, equipment and training fund is a fund for the deposit of fees collected for, and the payment of, the actual or estimated costs of fire facilities, equipment or training, including any required acquisition of land.

E.

A drainage facilities fund is established. The drainage facilities fund is a fund for the deposit of fees collected for, and the payment of, the actual or estimated costs of designing, constructing and improving the drainage facilities within the town, including any required acquisition of land. (Ord. 240 §1 (part), 1994)