There is established a separate fund entitled the “capital improvement fund.” All proceeds derived from one and one-half percent sales tax levied and collected borough-wide shall be used in such amounts as the assembly shall determine are necessary to pay the costs of constructing or otherwise acquiring public works machinery, equipment and other real and personal property requiring substantial capital investments and to pay principal and interest on municipal bonds issued for such purpose within the Haines Borough. (Ord. 05-10-128)