§ 18.24.170 — Creation of special funds

18.24.170 Creation of special funds.

The fees established and collected pursuant to this chapter shall be deposited in the following separate special funds created specifically to hold the revenue generated by such fees. Said collected fees shall be deposited, managed, and maintained pursuant to the provisions of Section 66006 of the Government Code. Moneys within such fund may be used solely for the purposes set forth in Section 18.24.180 of this chapter. In this regard, the following special funds are created and established: A. North Natomas public facilities fund for the deposit and collection of the public facilities fee; B. North Natomas transit fund for the deposit and collection of the transit fee; C. North Natomas drainage fund for the deposit and collection of the drainage fee. The city may establish any number of funds to account for revenue applicable to individual drainage sub-basins within the North Natomas finance plan area. (Prior code § 84.02.214)