(1) There is hereby created in the general fund a special revenue fund entitled “junk vehicle cooperative abatement program.” This account shall be credited with sums appropriated by the Board of Commissioners, with penalties and costs collected under this chapter, and with other moneys as may be designated for this account. Expenditures from said sums may be made by the Director to pay for the removal of junk vehicles from the real property of landowners who have entered into a cooperative abatement agreement pursuant to CCC 19.60.110, or to pay for the removal of junk vehicles pursuant to CCC 19.60.200.

(2) The Director shall provide to the BOCC a yearly report with summaries of account deposits and expenditures, as well as outstanding penalties and costs, and efforts made to collect them.