Chapter 3.032 - Drainage Board Fund

3.032.010 - Fund established.

    A Porter County drainage board fund is established whereby all funds received by the Porter County drainage board from the Kankakee River basin commission for utilization on the Kankakee Riverbank restabilization project shall be deposited in this special fund. (Ord. 96-2 § 1 )

3.032.020 - Use of funds.

    The funds received and deposited in the Porter County drainage board fund can be used only for the specific purposes set forth in this chapter.

     The funds received and deposited in the Porter County drainage board fund will be used on the Kankakee Riverbank restabilization project as needed to pay materials (stabilization fabric and stabilization rip-rap) and labor costs.

     The funds generated and deposited in the Porter County drainage board fund and expenditures therefrom will be made by the Porter County drainage board for the purposes of the Kankakee Riverbank restabilization project. (Ord. 96-2 §§ 2--4 )

3.032.030 - Termination of fund--Transfer of funds.

    The Porter County drainage board fund shall remain in existence and remain perpetual in its terms until amended or terminated by subsequent ordinance enacted by the board of commissioners; and if and when a subsequent ordinance is passed to terminate the life of the Porter County drainage board fund, the fund balance existing and if not otherwise provided for by ordinance, if any at that time, should be transferred to the county terminate the life of the Porter County drainage board fund, the fund balance existing and if not otherwise provided for by ordinance, if any at that time, should be transferred to the county general fund. (Ord. 96-2 § 5 )