(A) Creation and establishment of the Local Road and Bridge Matching Grant Fund. There is hereby created and established a new non-reverting fund to be known as the Local Road and Bridge Matching Grant Fund, which is to be given number 457. The Fund shall receive monies from the Community Crossings Matching Grant Program through the Indiana Department of Transportation (“INDOT”), as well as local match funds transferred from the State of Indiana’s LOIT Special Distribution Fund (257) earmarked for local road improvements, and will be used for the Authorized Uses.
(B) Authorization. The Clerk Treasurer is hereby authorized to establish such Fund for the purposes as set forth herein in accordance with Indiana law and the policies and procedures of the Indiana State Board of Accounts.
(C) Construction of clause headings. The clause headings appearing in this ordinance have been provided for convenience and reference, and do not purport and will not be deemed to define, limit, or extend the scope or intent of the clauses to which the headings pertain.
(Ord. 2017-09, passed 5-15-17)