§ 18.48.150 — Creation of funds

18.48.150 Creation of funds.

A. The fees established and collected pursuant to this chapter shall be deposited in separate special funds created specifically to hold the revenue generated by such fees. The collected fees shall be deposited, managed, and maintained pursuant to the provisions of California Government Code section 66006. Moneys within such fund may be used solely for the purposes set forth in section 18.48.170. In this regard, the following special funds are created and established: 1. Measure A transportation impact fee fund for the deposit and collection of the Measure A transportation impact fee; and 2. Measure A administration fee fund for the deposit and collection of the Measure A administration fee. B. The director shall have the authority to rename funds and create new funds, as such funds may become necessary or appropriate through the adoption of any fee resolution or through any amendment to the financing plan, expenditure plan or nexus study as referenced in section 18.48.040. A. (Ord. 2017-0050 § 1; Ord. 2015-0015 § 15; Ord. 2009-005 § 4)