Sec. 20-8. Sanitation fund.
(a) There is hereby established the "#225 sanitation fund" which shall be a special revenue fund under the rules, regulations and requirements of applicable state law, including the Indiana Code, as amended from time to time, as well as the administrative rules and requirements of the state board of accounts, also as amended from time to time.
(b) All monies collected from refuse collection fees, as well as appropriations from other town funds, shall be deposited into the "#225 sanitation fund".
(c) The monies deposited into the "#225 sanitation fund" shall be utilized and expended to pay for costs incurred in connection with the collection of residential refuse, yard waste, and recycling, and all activities related thereto, as approved and authorized by the Town Council.
(d) The clerk-treasurer of the Town is authorized and directed to take all appropriate and required steps to establish the "#225 sanitation fund" in conformance and compliance with all applicable law, as amended from time to time.