[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
A.
The purpose of this chapter shall be to generate sufficient revenue to first pay for the necessary operation and maintenance costs, and then capital construction costs, net of related estimated revenues and budget resource appropriations, from users who are connected in whole or in part to the Village of Penn Yan sewer system.
B.
There is hereby established in the Village of Penn Yan a schedule of rent rates to be called "sewer rents," the revenues from which shall be kept as a separate and distinct fund known as the "sewer fund," which shall be used for the payment of the cost of the management, operation, maintenance and repair of the Village sewer system, including treatment and disposal works, and in the event of any surplus, such surplus may also be used for the enlargement or replacement of the same and for the payment of the interest on any debt incurred for the construction of such sewer system, including sewage pumping, treatment-disposal works and for retiring such debt.