Sec. 16. (a) The board shall establish an economic improvement fund and shall deposit in this fund all assessments received under this chapter and any other amounts received by the board.
(b) Money in the economic improvement fund may be used only for the purposes specified in the ordinance establishing the economic improvement district. Any money earned from investment of money in the fund becomes a part of the fund.
As added by P.L.195-1988, SEC.1.
Structure Indiana Code
Article 7. Planning and Development
Chapter 22. Economic Improvement Districts
36-7-22-1. Application of Chapter
36-7-22-3. "Economic Improvement Project" Defined
36-7-22-4. Petition; Filing; Contents
36-7-22-5. Apportionment of Benefits
36-7-22-6. Hearing; Notice; Questions Heard
36-7-22-7. Ordinance; Establishing District
36-7-22-9. Ordinance; Repeal or Amendment
36-7-22-10. Ordinance; Exemption From Special Assessments
36-7-22-11. Ordinance; Economic Improvement Board
36-7-22-13. Ordinance or Assessment Schedule; Action Contesting Validity
36-7-22-14. Certification of Final Scheduled Assessments
36-7-22-15. Assessments; Payment to Board
36-7-22-16. Economic Improvement Fund
36-7-22-18. Purchasing Materials or Equipment; Contracting for Public Works
36-7-22-19. Lease or Contractual Agreements
36-7-22-20. Disposal of Assets and Liabilities Upon Repeal of Ordinance
36-7-22-22. Powers of the Board to Finance Economic Improvement Projects