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    Sec. 16.3-4. Establishment of a Stormwater Utility and Enterprise Fund.

     

    Sec. 16.3-4. Establishment of a stormwater utility and enterprise fund.
     
    (a) There is hereby established a stormwater utility to be known as the City of Lynchburg Stormwater Utility, which shall be under the administration of the director of utilities and responsible for the stormwater services throughout the city, and which shall provide for the manangement, protection, control, regulation, use and enchancement of the city’s stormwater services, systems and facilities.
     
    (b) There is hereby established a stormwater utility enterprise fund in the city budgeting and accounting systems for the purpose of dedicating and protecting all funding applicable to the purposes and responsiblities of the city stormwater utility. The utility shall deposit in a separate ledger account all revenues collected pursuant to this chapter. The funds deposited shall be used exclusively to provide services and facilities related to the stormwater system pursuant to the provisions of Code of Virginia §15.2-2114. The stormwater utility and enterprise fund will be established effective July 1, 2012. Stormwater utility charges will become effective July 1, 2012 and the first bills shall be due with the first water/sewer billing cycle of July 2012. (Ord. of 12-13-2011, Ord. No. O-11-138)
     
    Last updated date: 12/15/2011 9:32:46 AM