§ 17-350. Use of revenues.  


Latest version.
  • All revenues derived from the special assessments and related annual installments, including accrued interest and interest penalties, shall be accounted for in a special assessment fund, separate from other funds, and used only for the capital costs of the capital project, for servicing debt on special assessment bonds, for servicing debt on other bonds or obligations issued or incurred by the board in anticipation of receiving special assessment revenues, for reimbursing the board of county commissioners for capital expenditures made for the project, or for any combination of the above.

(Code 1965, § 33-64; Ord. No. 82-7, § 2, 5-18-82)