All funds received from fees and charges authorized by Section 51-15-290 shall be paid into and become a part of the park and recreation fund of such municipality. The proceeds from the sale of all bonds issued by any such municipality for park and recreation purposes shall be paid into and credited to such fund. All sums accruing from the special tax authorized by Section 51-15-270 shall be credited to the fund. In addition thereto, the fund shall be allowed all receipts and revenues arising from the operation of the various recreation activities under the administration of the board and whatever further amount, if any, the governing body of such municipality may set apart in its annual budget for the use and benefit of the board and any other funds arising from donations, legacies, bequests, devises or from any other sources.
HISTORY: 1962 Code Section 51-165.20; 1954 (48) 1809; 1958 (50) 1911.