§ 6-9-41-14 — County food and beverage tax receipts fund; requirement to develop a written plan for use of funds; requirement to spend money in the fund in accordance with written plan

Indiana § 6-9-41-14

• Jurisdiction: Indiana
• Art. 9: INNKEEPER'S TAXES; OTHER LOCAL TAXES
• Ch. 41: Monroe County Food and Beverage Tax

Text

(a) The county's share of county food and
beverage tax revenue deposited in the county food and beverage tax
receipts fund may be used only to finance, refinance, construct,
operate, or maintain a convention center, a conference center, or related
tourism or economic development projects.
(b) The county must develop a written plan before December 1 of
each year that includes the:
(1) proposed use of funds under subsection (a) for the upcoming
calendar year;
(2) detailed use of funds under subsection (a) in the current and
prior calendar years; and
(3) fund balance as of January 1 of the current calendar year.
The written plan described in this subsection must be submitted to the
state board of accounts and be made available on the department's
computer gateway within thirty (30) days of submission.
(c) The county must spend the money in the county food and
beverage tax receipts fund in accordance with the written plan required
by subsection (b). If no funds have been expended from the county
food and beverage tax receipts fund in accordance with the written plan
required by subsection (b) before July 1, 2025, then section 15.5 of this
chapter applies.

Legislative History

As added by P.L.176-2009, SEC.21. Amended by P.L.236-2023, SEC.105.