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23 . 01 <br /> t <br /> CHAPTER 23 <br /> PARK AND PLAYGROUND FUND <br /> 23. 01 ESTABLISHMENT <br /> There is hereby established and created a fund designated as <br /> the "Park and Playground Fund" , hereinafter referred to as the "Fund" . <br /> 23. 02 PURPOSE <br /> There shall be deposited in said fund all cash payments received <br /> by the City pursuant to the provisions of Chapter 42.. 13 of this code, <br /> as well as from any source as provided by Federal, State or City laws , <br /> ordinances or regulations. (278) <br /> 23. 03 USE OF FUND <br /> Subdivision 1. Chapter 42.13 Payments. Such payments <br /> shall only be used by the City for the acquisition of land for parks , <br /> playgrounds, public open space or storm water holding areas or ponds , <br /> development of existing parks and playground sites , public open space <br /> and storm water holding areas or ponds , and debt retirement in connection <br /> with land previously acquired for such public purposes . (278) <br /> Subdivision 2 . Other Receipts. Other receipts deposited in <br /> the fund, including interest earned, may be use for the purposes set <br /> forth in Chapter 23.03 Subdivision 1 and for the purchase of park <br /> and playground equipment, supplies and the payment of compensation <br /> and other park and playground operating expenses . <br /> 23. 04 TRANSFER OF FUNDS <br /> Chapter 42. 13 deposits may not be transferred out of the <br /> fund, except for the purposes enumerated in 23.03 Subdivision 1. Other <br /> receipts may be transferred by the Council into the general fund for • <br /> the purposes enumerated in Chapter 23. 03. (208) (278) . <br />