The treasurer of each zone shall be the county treasurer. He or she shall establish within his or her office a zone flood control fund for each zone into which shall be deposited the proceeds of all tax levies, assessments, gifts, grants, loans, or other revenues which may become available to a zone.
The treasurer shall also establish the following accounts within the zone fund:
(1) For each flood control improvement financed by a bond issue, an account to which shall be deposited the proceeds of any such bond issue; and(2) An account for each outstanding bond issue to which will be deposited any revenues collected for the retirement of such outstanding bonds or for the payment of interest or charges thereon; and(3) A general account to which all other receipts of the zone shall be deposited.Amended by 2013 c 23,§ 477, eff. 7/28/2013.