(A) Pursuant to IC 34-4-30.1-1 et seq., an Asset Forfeiture Account (fund) is hereby created by the town, which shall be a separate account (fund)for receipt of asset forfeiture proceeds received by and on behalf of the Metropolitan Police Department.
(B) The funds of the Asset Forfeiture Account (fund) shall be accounted for and/or audited by the Clerk-Treasurer of the town. Further, these funds shall not be commingled with any other Police Department funds. Further, these funds shall be accounted for in accordance with the applicable procedures of the state Board of Accounts, as amended from time to time.
(C) The funds of the Asset Forfeiture Account (fund) shall only be utilized for the reimbursement or repayment for “law enforcement costs” for the Police Department, which are described as follows:
(1) Expenses incurred by the Police Department upon an asset seizure wherein asset forfeiture proceeds become available for the criminal investigation associated with the seizure.
(2) Repayment of the “Investigative Fund” of the Police Department upon an asset seizure to the extent that the Police Department can specifically identify any part of the money as having been expended from the fund.
(D) There is hereby established an “Investigative Fund” for and on behalf of the Police Department, which fund shall be utilized to further criminal investigations of any nature or type or in which the Police Department, by and through its Chief of Police, feels compelled to investigate, and which Investigative Fund shall further be utilized to further the ends of the Detective Bureau or Department within the Police Department, including educating detectives and police officers in new investigative techniques and to further their criminal investigative education. Such “Investigative Funds” shall additionally be utilized to purchase or acquire equipment to assist in criminal investigation activities of the Police Department.
(Ord. 766, passed 3-28-00; Am. Ord. 862, passed 7-8-03)