§ 35.55 BOND PROJECT PROCEEDS FUND.
   (A)   Established. Fund 450 2015 Bond Project Proceeds (“Proceeds Fund”) is created that the City Clerk-Treasurer will maintain.
   (B)   Source of Funds. The revenue for deposit into the Proceeds Fund will be all monies the city or Crawfordsville Redevelopment Commission receives from the Crawfordsville Indiana TIF Revenue Bonds of 2015.
   (C)   Use of funds. Monies in the Proceeds Fund may be used by the City Clerk-Treasurer to pay for all costs related to projects for which the city or Crawfordsville Redevelopment Commission is authorized under state and local law.
   (D)   Non-Reverting fund. This is a non-reverting fund.
(Ord. 12-2015, passed 7-8-15)