§ 34.28  LOIT SPECIAL DISTRIBUTION FUND.
   (A)   There is hereby established a special fund to be designated as Fund 257, LOIT Special Distribution Fund.
   (B)   At least 75% of the special distribution received by the city in accordance with SEA 67 shall be receipted into the city’s LOIT Special Distribution Fund.
   (C)   At least 75% of the special distribution received shall be used exclusively for the purposes specified in I.C. 6-3.6-9-17(h)(1)(A).
   (D)   No more than 25% of the special distribution received in accordance with SEA 67 shall be receipted into the city’s General Fund or Rainy Day Fund.
(Ord. 2016-10, passed 6-8-2016)