Indiana § 6-9-77-9 Uses of money in fund

Indiana Statutes

§ 6-9-77-9 — Uses of money in fund

Indiana·Art. 9 INNKEEPER'S TAXES; OTHER LOCAL TAXES·Ch. 77 Ellettsville Food and Beverage Tax

Money deposited in the town food and beverage tax receipts fund may be used only for:

(1)transit related purposes;

(2)tourism and infrastructure related purposes; and

(3)the pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivisions

(1)and (2). Revenue derived from the imposition of a tax under this chapter may be treated by the town as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the town.

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Money deposited in the town food and beverage
tax receipts fund may be used only for:
(1) transit related purposes;
(2) tourism and infrastructure related purposes; and
(3) the pledge of money under IC 5-1-14-4 for bonds, leases, or
other obligations incurred for a purpose described in subdivisions
(1) and (2).
Revenue derived from the imposition of a tax under this chapter may
be treated by the town as additional revenue for the purpose of fixing
its budget for the budget year during which the revenues are to be
distributed to the town.

Indiana § 6-9-77-9 (Uses of money in fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.