(1) The director of public works or the director’s designee shall administer the fund in the same manner as an equipment rental and revolving fund established under chapter 36.33A RCW and shall be responsible for setting rates for the sale of materials purchased or manufactured by the fund. The rates shall be set to recover all costs of purchasing, manufacturing, storing, and distributing the materials including capital acquisitions deemed necessary to meet the fund’s purpose.

(2) Handling of funds and accounting functions of the fund shall be performed by the department of budget and finance. (Added by Ord. 01-127, Dec. 19, 2001, Eff date Jan. 3, 2002).