(A) The Daviess County Cumulative Bridge Fund is hereby established pursuant to the provision 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 the rate of $.10 per each $100 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 Daviess County to establish the Daviess County Cumulative Bridge Fund. The tax rate will be levied beginning with taxes for 2011 payable in 2012.
(C) Subsequent to the approval of the initial establishment of, and tax rate for, the Daviess 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 the 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 by this section shall be deposited and held in a special fund to be known ast the Daviess County Cumulative Bridge Fund pursuant to the provisions of I.C. 6-1.1-41-14.
(E) The Daviess County Cumulative Bridge Fund may not be expended for any purpose except constructing, maintaining, or repairing bridges, approaches, or grade separations as set forth in I.C. 8-16-3.
(F) An appropriation may be made for the Daviess 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 Daviess County Auditor shall submit a certified copy of the ordinance codified herein, proofs of publication of the public hearing held on April 25, 2011, together with a request to establish a hearing thereon pursuant to the provision of I.C. 6-1.1-41 et seq., 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 as required by I.C. 6-1.1-41-5.
Statutory reference:
2012 Public Law 137, § 42, repealed I.C. 6-1.1-41-5.
(H) The ordinance codified herein shall be in full force and effect upon its passage and promulgation as evidenced by the affirmative signatures of the signors on the ordinance codified herein, as the majority of the duly elected and serving members of the Board.
(Ord. 2011-3, passed 4-25-2011)