A. There shall be established by the Treasurer of the Township of Pohatcong three interest- bearing trust funds entitled "Off-Tract Sanitary Sewer Improvement Fund...... Off-Tract Storm Drainage Improvement Fund" and "Off-Tract Street Improvement Fund," into which contributions as assessed above shall be deposited and from which design, right-of-way acquisition, construction and construction inspection costs shall be withdrawn.

B. Within each trust fund established in § 199-3A, the Treasurer shall maintain a separate account for each specific improvement for which a contribution has been made and shall further maintain a ledger which indicates the source and amount of each contribution.

C. The Treasurer shall apportion interest earned within each of the three trust funds as established in § 199-3A to each specific improvement in proportion to each improvement's account balance in relation to the total balance in the trust fund.

D. Funds contributed for sanitary sewerage improvements or storm drainage improvements shall be used on the specific project for which the funds were submitted. However, within the Transportation Improvement District, funds submitted for street improvements shall be permitted to be utilized on the various projects which have been identified in the Circulation Plan Element of the Master Plan which lie within the Transportation Improvement District. It has been determined by the Planning Board and Council of Pohatcong Township that the completion of street improvements within the Transportation Improvement District will provide inherent benefits to development projects within the district and to public in general in terms of safe and convenient access to abutting properties and acceptable levels of service on the streets and intersections within the district. Any funds submitted for street improvements outside of the Transportation Improvement District shall be used on the specific project for which the funds were submitted.