Sec. 1. (a) A strategy committee shall establish and administer a regional strategy fund.
(b) A regional strategy fund consists of the following:
(1) Any payments required under an interlocal agreement for a project that specifically states:
(A) the amount for which each member is responsible; and
(B) the term of the agreement.
The transfers allowed by this subdivision may be made from any local revenue of the county or municipality, including property tax revenue, distributions, incentive payments, money deposited in the county's or municipality's local major moves construction fund under IC 8-14-16, money received by the county or municipality under a development agreement (as defined by IC 36-1-8-9.5), or any other local revenue that is not otherwise restricted by law or committed for the payment of other obligations.
(2) Money received from the federal government.
(3) Gifts, contributions, donations, and private grants made to the fund.
(4) Money transferred to the development authority under an interlocal agreement.
As added by P.L.83-2020, SEC.2.