§ 17-172. Creation of stormwater management accounting.

Latest version.

All stormwater service charges and interest generated by such charges, also referred to as the stormwater utility funds, shall be accounted for separately from all other revenues and funds and shall be used by the City of Kannapolis solely for the operational costs, maintenance costs, management costs, indirect costs, regulatory compliance costs, project planning and master planning costs, capital improvement costs for stormwater quantity and quality projects, debt principal and debt service, and establishment of a reserve fund for stormwater services. The city may use funds that are not stormwater utility funds to provide stormwater services.

(Ord. No. 2007-03, art. II, 2-12-07)

                    
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