Section 15-1957. Drainage fund

1.  The  Comptroller  shall designate a depository or depositories for
  receiving all moneys provided for  the  repair  or  enlargement  of  the
  ditches  or channels specified in section 15-1945. The fund thus created
  shall be known as "the drainage fund." Before any such deposit shall  be
  received  by any such depository, such depository shall execute and file
  with the Comptroller a bond in such penal sum, with  such  sureties  and
  upon such conditions as shall be approved by the Comptroller.
    2.  The  department  is hereby authorized and empowered to enlarge and
  repair such  ditches  or  channels  in  accordance  with  the  procedure
  prescribed  by  that  section  and  to  pay  the  costs thereof from the
  drainage fund herein created. All moneys received  pursuant  to  section
  15-1945  shall  be  deposited  by  the comptroller to the credit of such
  drainage fund. At the time of any such  deposit,  the  department  shall
  send  to  the  Comptroller  an  original  duplicate of the deposit slip,
  together with a statement of the amount and by whom paid. The moneys  of
  the  drainage  fund shall be paid out by the Comptroller on the order of
  the department or the authorized officer thereof.
    3. The drainage fund may also be used to defray the costs of  surveys,
  determination of enhancements, apportionment of costs or similar matters
  in a district or for maintenance of ditches and minor repairs thereto in
  a  district in lieu of raising the necessary funds pursuant to the Local
  Finance Law, provided, however, that no such proceeding or project shall
  cost more than five thousand dollars. Any moneys so advanced  from  this
  fund  shall  be  repaid  to  it  by  the Comptroller as soon as they are
  collected and paid to him by the county treasurer.