3.32.050 Transportation fund

        A.    All funds collected under this subchapter will be deposited into the transportation fund. The TUF collected under this subchapter, including fees carried over from prior years and investment earnings from the fees, will be used to operate and administer the transportation facility maintenance and capital improvement programs. This program will patch, seal, overlay / reconstruct streets, repair sidewalks, maintain and repair bike paths, landscape along the rights-of-way, replace trees along streets, maintain safety and operational equipment, and pay for lighting streets. The TUF paid and collected is reasonably related to the cost of providing these services. If the TUF collected is insufficient for these purposes, the council may allocate other non-dedicated funds to pay such costs. The council may direct reimbursement from the transportation fund if additional fees are collected. All amounts in the transportation fund may be invested in accordance with state law. Earnings from such investments will be also credited to the transportation fund.

        B.    The administration, maintenance and operations expenditures from the transportation fund need not relate to the real property from which the TUF is collected. The TUF may not be used for other purposes, except to pay for an equitable share of accounting, management and other administrative costs that relate to operation of the TUF program. Otherwise, TUF revenues will be used solely to pay for the cost of operation, administration, maintenance, repair, improvement, renewal, replacement and reconstruction of transportation facilities.

        C.    Revenues received for transportation facility operation, maintenance and preservation will be used solely for such purposes.