The revenues derived by the township by virtue
of its ownership of the systems, which revenues shall be in the form
of rent paid to the township by the Authority pursuant to the agreement
of lease, and the appropriations in respect of the systems shall hereafter
be set forth in a separate section of the budget of the township in
each fiscal year of the township, and appropriate officials of the
township and the Township Auditor are hereby authorized and directed
to take such action and to prepare such documentation as shall be
necessary or appropriate to effect the establishment of said separate
section of the township budget.
All moneys derived by the township from the
systems shall be segregated by the township and held in a separate
fund to be known as the "Sewer Utility Fund," as prescribed by Section
40A:4-62 of the Local Budget Law and the Local Finance Board order,
and shall be applied by the township as provided in said Section 40A:4-62.
The Township Administrator and such other persons as may be designated
by the Administrator are hereby authorized and directed to take such
action and prepare such documentation as shall be necessary or appropriate
to effect the establishment of the Sewer Utility Fund.
As required by Section 40A:4-63 of the Local
Budget Law, moneys held in the Sewer Utility Fund shall be treated
by township officials as moneys held in trust for the purpose for
which the Sewer Utility Fund was created, and no banking institution
accepting the Sewer Utility Fund shall divert the moneys therein to
any other purpose.