§ 980-l. Expenditure of district funds. (a) The proceeds of any charge
imposed pursuant to this article shall be held by the chief fiscal
officer and shall be separately accounted for in the books and records
of the municipality. None of the proceeds collected pursuant to this
article shall be used for any purposes other than those set forth in the
district plan. These funds may be paid out for district purposes in
accordance with the general procedures for payment of other municipal
expenditures.

(b) All contracts for improvements, goods or services to be provided
in the district shall be subject to all applicable provisions of the law
relating to the letting of contracts by the municipality.