§ 106-499. Restricted fund for debt retirement and capital improvements.

A surcharge of 61 percent is hereby added to each water and sewage bill for billings rendered on or after October 6, 2016. The proceeds of 61 percent of gross billings shall be deposited in a restricted debt retirement and capital improvements fund. The funds in this account shall be used for debt retirement on authority of the YCUA Board and for capital improvements on approval of city council.

(Code 1983, § 2.139; Ord. No. 815, § 2.139, 5-22-1995; Ord. No. 942, 6-19-2001; Ord. No. 959, 6-18-2002; Ord. No. 982, 6-3-2003; Ord. No. 995, 7-6-2004; Ord. No. 1103, 9-1-2009; Ord. No. 1123, 8-17-2010; Ord. No. 1164, 8-16-2011; Ord. No. 1195, 9-17-2013; Ord. No. 1229, 9-16-2014; Ord. No. 1253, 9-1-2015; Ord. No. 1274, 9-6-2016)