(A) This section enables the existing Criminal Investigation Fund, Fund Number 394 ("Fund"), to be designated as the local Non-Reverting Fund for the purposes of receiving, holding and managing proceeds from the sale of property or deposit of money seized by the city's law enforcement officers in accordance with IC 34-24-1-1 et seq. and any other monies received by the city's law enforcement agency as a result of a forfeiture of property from time to time.
(B) The Fund shall serve as the local non-reverting fund to receive, hold and manage proceeds from the sale of property or deposit of money seized by the city's law enforcement officers in accordance with IC 34-24-1-1 et seq. and any other monies received by the city's law enforcement agency as a result of a forfeiture of property.
(C) The Controller shall keep records and monitor activities of all receipts into the Fund. Subject to state statutes, disbursements may be made from the fund upon a valid claim being presented to the Public Works and Safety Board, subject to other requirements of processing and publication required by state statute, including, without limitation, IC 34-24-1 et. seq.
(D) Money remaining in the Fund at the end of every budget year shall not revert to any other source; rather, monies shall continue to be held in this Non-Reverting Fund from year to year.
(Ord. 110209A, passed 11-2-09; Am. Ord. 091514A, passed 11-17-14)