The Town Council created and set aside certain funds be used as a Cumulative Capital Improvement Fund. The funds are to be derived from the Cigarette Tax Distribution (I.C. 36-9-16-1 et seq.) from the state and such funds are to be expended pursuant to Chapter 225, Acts of 1965, as amended.
(Prior Code, § 2-69) (Ord. 3-1965, passed 8-30-1965)
Statutory reference:
Cumulative Funds and Cumulative Capital Improvement Funds, see I.C. 36-9-16-1 through 36-9-16-6