Use of funds

• (A) Funds collected from capital facilities impact fees and deposited in the capital facilities impact fee proprietary fund by the town treasurer are for the purpose of constructing such facilities as described in the needs assessment report. Such funds shall be spent solely to acquire, construct, expand, and equip the capital facilities identified in the report.

• (B) Funds may be used to make refunds required by section 11 of this article.

(Ord. of 11-13-07)