A new non-reverting fund to be known as the Local Road and Bridge Matching Grant Fund, and which is to be given fund number 258, is now established. The Fund shall receive monies from the Local Road and Bridge Matching Grant Fund through INDOT, as well as local match funds transferred from the State of Indiana’s LOIT Special Distribution Fund earmarked for local road improvements as well as rainy day funds earmarked for the same purpose.
(Ord. 4-2017, passed 2-21-2017)