Sec. 24. All proceeds from the sale of bonds issued under this chapter shall be kept in a separate fund. The fund shall be used to pay for land and other property acquired and for the construction of a work under the resolution, including all costs and expenses incurred in connection with the project. The fund may not be used for any other purpose. The fund shall be deposited as provided in this chapter. A surplus remaining from the proceeds of the bonds after all costs and expenses are paid shall be paid into and becomes a part of the district bond fund.
As added by P.L.157-1991, SEC.15.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 7.5. Township General Park and Recreation Law
36-10-7.5-1. Application of Chapter
36-10-7.5-1.5. "Park and Recreation Board" Defined
36-10-7.5-2. "Department" Defined
36-10-7.5-3. "District" Defined
36-10-7.5-3.5. "Park Governor" Defined
36-10-7.5-4. "Superintendent" Defined
36-10-7.5-5.5. Township Park and Recreation Board
36-10-7.5-6. Park Governor; Powers and Duties
36-10-7.5-7. Park Governor; Authorized Actions
36-10-7.5-8. Lease of Buildings and Grounds
36-10-7.5-9. Sale of Surplus Property; Appraisal
36-10-7.5-10. Conference Attendance
36-10-7.5-11. Superintendent; Appointment; Qualifications
36-10-7.5-12. Powers and Duties of Superintendent
36-10-7.5-13. Assistants to Superintendent
36-10-7.5-14. Officers' and Employees' Bonds and Crime Policies
36-10-7.5-15. Advisory Council or Special Committee; Membership; Responsibilities
36-10-7.5-16. Gifts, Grants, and Transfers
36-10-7.5-17. Special Benefit Taxes; Provision of Operating Revenues
36-10-7.5-18. Special Nonreverting Capital Fund
36-10-7.5-19. Township Park and Recreation Cumulative Building Fund
36-10-7.5-20. Fees; Management and Deposit of Collections
36-10-7.5-21. Land Acquisition or Appropriation and Improvements
36-10-7.5-22. District Bonds for Land Acquisition or Improvements
36-10-7.5-23. Bond Issue; Notice and Hearing
36-10-7.5-24. Funds From Bond Proceeds; Use; Surplus
36-10-7.5-25. Tax Levy; District Bond Fund
36-10-7.5-26. Contracts or Leases With Not-for-Profit Corporations