(A) The LOIT Public Safety Fund for the city, is hereby established, into which all funds received by the city as a result of the Adams County, Indiana, Local Option Income Tax (LOIT) for public safety shall be transferred.
(B) Said LOIT Public Safety Fund is subject to the same appropriation process as all other funds receiving tax money. Prior to making an appropriation from the LOIT Public Safety Fund, the Common Council shall make a finding that the proposed use of the LOIT Public Safety Fund is consistent with the intent of the fund for the purposes of public safety as defined in IC 6-3.5-1.1-25, as amended.
(C) In any fiscal year, the city may transfer in accord with any statutory requirements for said LOIT Fund.
(Ord. 666, passed 7-27-15)