(a) There is established a City of Carmel Non-Reverting Carter Green Ice Rink Fund.
(b) The funds contained in the Non-Reverting Carter Green Ice Rink Fund shall be received and deposited therein from all lawful sources in accordance with applicable law.
(c) The funds in the Non-Reverting Carter Green Ice Rink Fund shall only be used for the operation and maintenance of the Carter Green Ice Rink.
(d) Monies in the Non-Reverting Carter Green Ice Rink Fund shall not be transferred into the General Fund, except as provided by applicable law.
(e) The Non-Reverting Carter Green Ice Rink Fund shall be administered by the Department of Community Relations and Economic Development.
(f) The funds contained in the Non-Reverting Carter Green Ice Rink Fund shall be accounted for and maintained separate and apart from all other City funds, and shall be invested with the interest earned thereon deposited in the Non-Reverting Carter Green Ice Rink Fund.
(g) In the event the Non-Reverting Carter Green Ice Rink Fund is terminated, all unexpended funds maintained therein shall be distributed to the City and deposited in the General Fund.
(Ord. D-2404-17, 12-18-17; Ord. D-2659-22, § 2, 12-5-22)