12-631l.   Same; disposition of revenues; reduction of tax levy.All revenues derived from sewage service charges shall be deposited inthe treasury and credited to a seperate fund to be known as the sewagedisposal fund and such revenues shall be used exclusively for theadministration, operation, maintenance, repair, replacement, extension,enlargement, betterments, depreciation and obsolescence of said sewagedisposal system and may be used to pay principal of and interest on anybonds issued on account of said sewer system, either general obligationbonds or revenue bonds or both, except bonds issued for any such projectthe cost of which is payable from special assessments, and said revenuesshall be used for no purpose other than those specified herein, and shallnot be applied to the construction or reconstruction of sewers, the cost ofwhich is provided by law to be paid from special assessments in a benefitdistrict. When any city or township sewer district has provided for sewageservice charges under this statute its power to levy tangible propertytaxes for the maintenance and operation of sewers and sewage disposalplants under authority of other statutes shall be reduced one-half (1/2)mill.

      History:   L. 1953, ch. 120, § 6; June 30.