Section 15-7-507 - Revenues; Deposit in Fund; Uses Thereof

15-7-507. Revenues; deposit in fund; uses thereof. (a) All revenues derived from the operation of the sewerage system shall be set aside as collected and deposited in a special fund to be used only for: (i) Paying the cost of operating and maintaining the system; (ii) Providing an adequate depreciation fund; and (iii) Paying the principal and interest on the bonds issued under this article.