(A) There is hereby created the Aviation Construction Fund, a nonreverting fund within the Department of Aviation of the city which shall consist of any and all monies that the Board of Aviation Commissioners may receive from all sources, including borrowing, other than grants and hangar rents.
(B) The purpose of this Fund is to provide for expenditures for capital improvements and construction projects, as well as any and all other lawful expenses as may be authorized by state law and city ordinance for a fund of this nature.
(C) The Crawfordsville Board of Aviation Commissioners shall be the body which approves expenses from this Fund and which signs claims from this Fund to be submitted to the Clerk- Treasurer.
(Ord. 3-2008, passed 4-14-08)