§ 38.132 MAJOR MOVES CONSTRUCTION FUND.

   (A)   Established. There is hereby created a nonreverting Major Moves Construction Fund 450 for the receipt of the city’s portion of the Major Moves Construction Fund proceeds.

(Prior Code, § 43.520)

   (B)   Uses. The permissible uses of those funds, as established by I.C. 8-14-16-5 are:

      (1)   Construction of highways, roads, and bridges;

      (2)   Any purpose for which the Regional Development Authority may expend money under I.C. 36-7.5;

      (3)   Provide funding for economic development projects as defined in I.C. 6-3.5-7-13.1(c)(1) or 6-3.5-7-13.1(c)(2)(A) through 6-3.5-7-13.1(c)(2)(K);

      (4)   Provide matching funds for federal grants for any of these permissible uses of Major Moves Construction Fund money; and

      (5)   Provide funding for interlocal agreements under I.C. 36-1-7 for any of these permissible uses of Major Moves Construction Fund money.

(Prior Code, § 43.521)

(Ord. 0-06-0043, passed 10-10-2006)