§ 78-95. Use of funds.

Latest version.

(a)

Discretionary funds. Ten percent of the funds collected pursuant to this article will be used by the city as it sees fit, subject to the following exceptions:

(1)

None of the funds received pursuant to this subsection will be used for industrial pretreatment.

(2)

None of the funds received pursuant to this subsection will be used as rebates for industrial users.

(b)

Nondiscretionary funds. Ninety percent of the funds collected pursuant to this article will be invested according to investment guidelines promulgated by the Federal Environmental Protection Agency as amended or supplemented:

(1)

Returned funds. Five-ninths (55.55 percent) of the nondiscretionary funds will be returned by the city to EPA according to return payment guidelines as amended or supplemented.

(2)

Retained funds. Four-ninths (44.45 percent) of the nondiscretionary funds will be retained by the city according to EPA retained funds guidelines as amended or supplemented.

(Code 1988, § 22-75)

                    
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