(A) There is hereby established the Town of Boswell Cumulative Capital Fund.
(B) An ad valorem property tax levy will be imposed and the revenues from the levy will be retained in the Town of Boswell Cumulative Capital Development Fund.
(C) The rate under division (B) above will be $0.05 per $100 assessed valuation.
(D) The funds accumulated in the town Cumulative Capital Development Fund will be for any of the uses permitted in the following statutes:
(1) I.C. 8-16-3 Cumulative Bridge Fund;
(2) I.C. 8-22-3-25 Cumulative Building Fund;
(3) I.C. 14-27-6-48 Cumulative Building Fund;
(4) I.C. 14-33-14 Cumulative Maintenance Fund;
(5) I.C. 16-23-1-40 Cumulative Hospital Building Fund;
(6) I.C. 36-8-14 Cumulative Firefighting, Building, Equipment, Police Radio Fund;
(7) I.C. 36-9-4-48 Cumulative Transportation Fund;
(8) I.C. 36-9-16-2 Municipal Cumulative Building or Sinking Fund and Cumulative Capital Improvement Fund;
(9) I.C. 36-9-16-3 Cumulative Capital Improvement Fund;
(10) I.C. 36-9-16.5 Municipal Cumulative Street Fund;
(11) I.C. 36-9-17 General Fund;
(12) I.C. 36-9-26 Cumulative Building Fund - Sewers;
(13) I.C. 36-9-27-100 Cumulative Drainage Fund;
(14) I.C. 36-10-3-21 Cumulative Building Fund - Parks; and
(15) I.C. 36-10-4-36 Cumulative Sinking and Building Funds - Parks.
(Ord. 2015-7-13-1, passed 7-13-2015)