§ 34.20 CUMULATIVE CAPITAL IMPROVEMENT FUND.

(B) Purpose. This special fund is established for the purpose of receiving cigarette taxes allocated to the town pursuant to applicable state law and the funds shall not revert to the General Fund.

(`87 Code, § 2-56)

Statutory reference:

Cumulative funds and cumulative capital improvement funds, see I.C. 6-7-1-30.1 and 6-7-1-31.1

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