(A) There is hereby established a Sanitary District Rainy Day Fund 0272.
(B) The source of funding the Rainy Day Fund is the one-time supplemental distribution from the state to the county pursuant to I.C. 6-3.6-9-17.
(C) Monies deposited in said Fund shall be used for the District’s infrastructure or for any other lawful purpose.
(D) Monies from said Fund may be disbursed only on approved claims allowed by the city’s Sanitary District Board of Commissioners.
(E) Said fund shall be perpetual in nature; however, should the Fund terminate for any lawful reason, any balance of said Fund shall be disbursed as lawfully allowed.
(Ord. 17-0031, passed 12-20-2017)