§ 36-9-12-4 — Deposit and disbursement of money collected from parking meters

(a) A municipality must provide, by ordinance,
that:
(1) all license fees collected from parking meters shall be
deposited with the municipal fiscal officer;
(2) the fees shall be deposited to the credit of the municipality in
a special fund; and
(3) disbursements from the special fund may be made only on
orders of the municipal works board, or board of transportation,
and only for the purposes listed in subsection (b).
(b) Disbursements from the special fund may be made only to pay:
(1) the purchase price, rental fees, and cost of installation of the
parking meters;
(2) the cost of maintenance, operation, and repair of the parking
meters;
(3) incidental costs and expenses in the operation of the parking
meters, including the cost of clerks and bookkeeping;
(4) the cost of traffic signal devices used in the municipality;
(5) the cost of repairing and maintaining any of the public ways,
curbs, and sidewalks where the parking meters are in use, and all
public ways connected with them in the municipality;
(6) the cost of acquiring, by lease or purchase, suitable land for
offstreet parking facilities to be operated or leased by the
municipality;
(7) the principal and interest on bonds issued to acquire parking
facilities and devices;
(8) the cost of improving and maintaining land for parking
purposes and purchasing, installing, and maintaining parking
meters on that land;
(9) the cost of providing approved school crossing protective
facilities, including the costs of purchase, maintenance, operation,
and repair, and all other incidental costs; and
(10) the cost of maintenance and operation of a municipally
owned park where parking meters are located.
[Pre-Local Government Recodification Citations: 18-4-10-3
part; 18-6-13-3; 19-5-3-3.]
As added by Acts 1981, P.L.309, SEC.85. Amended by
P.L.147-2018, SEC.30.