§ 6-9-40-9 — Permissible uses of money in a food and beverage tax receipts fund; bonding authority

Indiana § 6-9-40-9

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 40: Steuben County Food and Beverage Tax

Text

(a) Except as provided in subsection (b), money
in the fund established under section 8 of this chapter shall be used by
a political subdivision receiving a distribution under this chapter only
for the following purposes:
(1) Construction, extension, or completion of sewerlines,
waterlines, streets, curbs, sidewalks, bridges, roads, highways,
alleys, public ways, parking facilities, lighting, electric signals,
information and high technology infrastructure (as defined in IC 5-28-9-4), and any other infrastructure improvements.
(2) Engineering, legal, and other consulting or advisory services,
plans, specifications, surveys, cost estimates, and other costs or
expenses necessary or incident to activities described in
subdivision (1).
(3) Park and recreation purposes, including the purchase of land
for park and recreation purposes.
(4) Police and law enforcement purposes, firefighting and fire
prevention purposes, emergency medical services and ambulance
services, and other public safety purposes.
(b) The fiscal body of a political subdivision receiving a distribution
under this chapter may pledge money in the political subdivision's fund
to pay bonds issued, loans obtained, and lease payments or other
obligations incurred by or on behalf of the political subdivision to
provide the infrastructure improvements described in subsection (a).
(c) A pledge under subsection (b) is enforceable under IC 5-1-14-4.

Legislative History

As added by P.L.96-2008, SEC.3. Amended by P.L.1-2009, SEC.61.