§ 30-94. Financial obligations.

Latest version.

(a)

After paying or making provision for the payment each month of the reasonable and proper expenses of operating and maintaining for the current month the unified government's sewer system, the unified government shall next pay and credit monthly from the sewer system fund such amounts as are necessary to satisfy the outstanding obligations including without limitation any payments to any required reserve account, depreciation and replacement account or other account created in connection with such obligations and any covenants entered into in connection with such obligations.

(b)

No monies credited to the sewer system fund shall be diverted or applied to the general governmental or municipal functions of the unified government.

(Code 1988, § 30-123; Ord. No. O-46-05, § 1, 6-2-2005)

                    
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