Sec. 11. All proceeds from the sale of bonds issued under section 9 of this chapter shall be kept as a separate and specific fund to pay for the cost of land, rights-of-way, and other property acquired and of the cost of the work and all costs and expenses incurred in connection with it, and no part may be used for any other purpose. The fund shall be deposited at interest with the depository or depositories of other public funds of the consolidated city, and all interest collected on it belongs to the fund.
As added by Acts 1982, P.L.77, SEC.12.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 6.5. Metropolitan Thoroughfare District of Marion County
36-9-6.5-0.1. Application of Certain Amendments to Chapter
36-9-6.5-1. Application of Chapter
36-9-6.5-3. Special Taxing District
36-9-6.5-4. Adoption of Resolution of Necessity and Purpose
36-9-6.5-5. Filing and Notice of Resolution
36-9-6.5-6. Hearing and Approval of Project
36-9-6.5-7. Department Proceeding After Final Approval of Project
36-9-6.5-10. Bonds; Limitations; Terms
36-9-6.5-11. Deposit of Bond Proceeds
36-9-6.5-12. Special Tax; Metropolitan Thoroughfare District Bond Fund