There is hereby created a utility systems replacement fund within the reserve fund of the city as provided by Chapter 3.05 BMC, to receive funds to be collected under BMC § 13.20.020. The purpose of the fund shall be to finance the capital replacement, noncapacity increasing extension and noncapacity increasing expansion of municipal utility facilities, including the acquisition of land or rights-of-way thereto.
(Ord. 87-O-419 § 1; Ord. 06-O-574 § 2)