(A) There is hereby established a special fund to be entitled "Fire Service Response Fund." The Clerk-Treasurer is hereby empowered to receive and deposit monetary payments which are received in response to billing for fire services provided by the Hagerstown-Jefferson Township Volunteer Fire Department into said Fund with said deposits to be placed with a financial institution named by the town as a depository.
(B) Payments made to the Fire Service Response Fund are to be used by the Hagerstown-Jefferson Township Volunteer Fire Department:
(1) For the purchase of equipment, buildings, and property for firefighting, fire protection, or other emergency services; and
(2) To pay principal and interest on any loan made by the Department of Homeland Security established by I.C. 10-19-2-1, for a division of the Hagerstown-Jefferson Township Volunteer Fire Department for the purchase of new or used firefighting and other emergency equipment or apparatus.
(C) The Clerk-Treasurer is also hereby empowered to disburse amounts from the "Fire Service Response Fund" to persons or agencies from whom services, equipment, or products are purchased or used, as permitted by division (B) above, upon proper presentation of a claim before the Town Council and acceptance thereof, all in accordance with the rules and regulations of the Indiana State Board of Accounts.
(Ord. 3-2015, passed 4-20-2015)