The Lake Sutherland Management District 2 Fund (LMD 2 Fund) shall be created by resolution of the Board of Commissioners. All revenues from assessments or other charges collected from properties within the District boundary will be deposited in the fund.

Expenditures shall only be used to support activities of the Lake Sutherland Management District 2 authorized in this chapter. Any monies remaining in the fund at the end of the District’s term may be expended only for those activities described in this chapter or may be added to funds collected through the formation of another District at Lake Sutherland and expended for activities that were described in this chapter.