(A) There is hereby established for the town, subject to the approval of the State of Indiana Department of Local Government Finance, a Non-Reverting Abandoned Vehicle Fund. Any and all monies received from the disposal or sale of abandoned vehicles described in § 95.04 shall be deposited into the Non-Reverting Abandoned Vehicle Fund.
(B) Upon the establishment of the Non-Reverting Abandoned Vehicle Fund provided for herein, the Non-Reverting Abandoned Vehicle Fund may be used for the following purposes:
(1) To pay for the costs for removal and storage of an abandoned vehicle or parts not claimed by the person who owns or holds a lien on a vehicle;
(2) To pay for the costs of administering Chapter 95 of this code; and
(3) Any and all other purposes permitted under applicable law, as amended from time to time, as authorized and permitted by the Town Council.
(Ord. 857, passed 3-25-03)