46A-10B-23. Fees deposited in fund--Purpose.
109 words·~1 min read·
/sd/title-46/chapter-46-10/46a-10b-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing body shall place all fees collected pursuant to §§ 46A-10B-20 , 46A-10B-21 , and 46A-10B-22 into a storm drainage fund or other fund established pursuant to § 46A-10B-28 to be used only for the purposes provided in this chapter, and reserved for the identified drainage basin for which fees are collected. If a municipality establishes a new drainage utility pursuant to § 9-40-1 , it may transfer any funds within its control that were collected pursuant to this chapter into a separate drainage utility fund which may only be used to pay for new drainage improvements, maintenance of existing drainage improvements, and operation of the drainage utility.