§ 20D-8. Sunset provision.

These accounts shall cease to receive further funding after all bonded indebtedness incurred for the purposes of this chapter has been paid, unless the provisions of this chapter are extended by resolution of the Town Board in increments of five years. The Town Board may, in its sole discretion, prepay all bonded indebtedness, subject to the terms and conditions of such bonds, and terminate the funding of these accounts earlier than stated herein, upon adoption of a resolution determining to do so. If at any time the Town Board does not extend the funding for these accounts, the balances remaining therein shall be used for the purposes set forth hereinabove until they have been depleted.