§ 36-8-15-17 — Proceeds; disposition; public communications systems and computer facilities district bond fund

Indiana § 36-8-15-17

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 8: PUBLIC SAFETY
• Ch. 15: Public Safety Communications Systems and Computer

Text

All proceeds from the sale of bonds issued
under section 15 of this chapter shall be kept as a separate and specific
fund to be known as the public communications systems and computer
facilities district bond fund. The bond fund shall be used to pay for the
cost of acquisition of real and personal property, the cost of the
installation of the facilities, and all costs and expenses incurred in
connection therewith, and no part may be used for any other purpose.
The bond fund shall be deposited at interest with a depository or
depositories of other public funds of the consolidated city, and all
interest collected on it belongs to the bond fund.

Legislative History

As added by P.L.82-1985, SEC.3.