(A) Establishment of Fund. The Commissioners hereby establish a fund to be titled the Sheriff’s Sale Fund into which all collections of fees and costs incurred by the Sheriff pursuant to I.C. 32-29-7-3 shall be deposited and from which the appropriate expenses related to the foreclosure sales be appropriated and paid.
(B) Non-reverting fund. The Sheriff is hereby authorized to charge an administrative fee of not to exceed that allowed by state law for each proceeding referred to in I.C. 32-29-7-3 for actual costs directly attributable to the administration of the sale. The Sheriff’s Sale Fund shall be a non-reverting fund to be used only for the purposes set forth herein and shall not revert to the County General Fund at year end.
(C) Use of funds. The Sheriff’s Sale Fund may be used to pay for contract services related to the conduct of foreclosure sale proceedings and other costs associated with the service of notice and conduct of the sale, including administrative expenses. The Sheriff may utilize funds for other purposes with the approval of the Board of Commissioners and the County Council.
(D) Administration of Fund. The Sheriff shall maintain a complete and accurate accounting of all Sheriff Sale Program proceeds and compliance with any reporting or record requirements as set forth by the State Board of Accounts.
(E) Effective date. This section shall be effective 30 days after adoption and publication, as provided by state law.
(Ord. 2010-03, passed 6-21-2010)