The fund shall be in the custody of the Finance Director of the Town of Hebron. All or any part of the monies in the fund may, from time to time, be invested in any investment in which public funds may be lawfully invested. All income derived from such investments shall be credited to the fund and become a part thereof. The monies so invested shall at all times be subject to withdrawal from such investments for use as provided in §
42-16 (Use of fund) below.
The unexpended balance of the fund existing at the close of
any fiscal period shall remain credited to such fund and shall not
lapse to the General Fund.
Upon authorization of the Boards of Selectmen and Finance, the
monies in the fund may be used by the Town for purposes relating to
the operations and benefit of any public safety service provision
and also relating to the contractual requirements including any negotiated
agreements with the Town regarding the provision of said services
within the Town. This article shall govern the replacement of physical
structures and vehicles used for the provision of public safety services
within the Town if necessary. Expenditures and revenues for this fund
shall be in accordance with the applicable provisions of the Town
Charter, Purchasing Policy and to be added to the Hebron Code.