(A) There is hereby created a “Seized Asset Fund” (Seized Asset Fund). The Seized Asset Fund shall consist of deposits in the form of proceeds recovered by the Office of the County Prosecuting Attorney and/or the county law enforcement agencies in forfeiture actions filed pursuant to I.C. 34-24-1 and 34-24-2, liquidations of personal or real property obtained from criminal defendants in those actions, donations and voluntary surrenders of funds and assets from criminal defendants.
(1) The Seized Asset Fund shall be appropriate for funding law enforcement activities conducted by the county law enforcement agencies and/or other special crime units, and for reimbursement of expenses incurred by the County Prosecuting Attorney’s Office in pursuing forfeiture and RICO actions.
(2) All moneys collected under this section shall be transferred to the County Auditor who shall deposit the moneys with the County Treasurer in the Seized Asset Fund. Disbursement of these moneys shall be directed by the County Prosecutor, subject to the appropriation requirement of division (A)(3)
below. Moneys remaining in the Fund at the end of the year shall not revert to any other fund, but shall continue in the Seized Asset Fund.
(3) Moneys from this Fund shall be subject to appropriation by the County Council in accordance with I.C. 36-2-5-2.
(4) The funds deposited in the Seized Asset Fund shall be appropriated and used by county law enforcement agencies, special crime units and the County Prosecutor’s Office to cover the expenses and costs of investigation and prosecution of criminal activity as provided in I.C. 34-24-1-4.
(B) This section shall be in full force and effect upon passage and compliance with I.C. 34-24-1-1 et seq.
(Ord. 2007-03, passed 6-5-2007)