(A) The County Cumulative Bridge Fund is hereby re-established pursuant to the provisions of I.C. 8-16-3 et seq. and I.C. 6-1.1-41 et seq.
(B) Subject to approval by the Department of the DLGF, a tax at a rate of $0.05 per each $100 of assessed valuation shall be levied pursuant to the provisions of I.C. 6-1.1-41-10 and I.C. 8-16-3-3 on all taxable property within the county to re-establish the County Cumulative Bridge Fund.
(C) Subsequent to approval of the re-establishment of, and tax rate for, the County Cumulative Bridge Fund by the DLGF, a property tax rate shall be levied annually at the initially approved rate without necessity of further action by this Board, provided that such tax levy shall be advertised annually in the same manner as other tax levies are advertised, subject only to the provisions of I.C. 6-1.1-41-12.
(D) The tax established and/or re-established by this section shall he deposited and held in a special fund to be known as the County Cumulative Bridge Fund pursuant to the provisions of I.C. 6-1.1-41-14.
(E) The County Cumulative Bridge Fund may not be expended for any purpose except constructing, maintaining or repairing bridges, approaches or grade separations.
(F) An appropriation may be made from the County Cumulative Bridge Fund without the approval of the DLGF if this Board requests the appropriation for the purpose of constructing, maintaining or repairing bridges, approaches or grade separations pursuant to the provisions of I.C. 8-16-3-3(c).
(G) The County Auditor shall submit a certified copy of this section to the DLGF promptly after its adoption in accordance with the requirements of I.C. 6-1.1-41-4, notice of which submission shall be published pursuant to the subsequent directions of the DLGF as required by I.C. 6-1.1-41-5.
(Ord. 28-2012, passed 7-26-2012)