§ 8-14-16-4 — Establishment of funds

(a) Each county, city, or town that receives a
distribution under section 3 of this chapter shall establish a local major
moves construction fund.
(b) The fund consists of money distributed to the county, city, or
town from the major moves construction fund under section 3 of this
chapter.
(c) The fiscal officer of the county, city, or town shall administer the
fund.
(d) Subject to subsection (f), the fiscal body of the county, city, or
town may appropriate money in the fund for a purpose described in
section 5 of this chapter. The appropriations of money in the fund must
be included as a part of the annual budget for the calendar year in
accordance with IC 6-1.1-17.
(e) Money remaining in the fund at the end of a particular calendar
year remains in the fund and does not revert to any other fund.
(f) A county fiscal body must consult with the county executive
before making an appropriation under this section.

Legislative History

As added by P.L.47-2006, SEC.7.