(A) The Town Council may establish by ordinance, upon request of the Park Board:
(1) A special nonreverting fund for park purposes from which expenditures may be made as provided by ordinance, either by appropriation by the Park Board or by the Town Council; and/or
(2) A special nonreverting capital fund for the purpose of acquiring land or making specific capital improvements from which expenditures may be made by appropriation by the Town Council.
(B) The Town Council shall designate the fund or funds into which the County Treasurer shall deposit fees from golf courses, swimming pools, skating rinks, or other major facilities requiring major expenditures for management and maintenance. Money received from fees other than from major facilities or received from the sale of surplus property shall be deposited by the County Treasurer either in the special nonreverting operating fund or in the nonreverting capital fund, as directed by the Town Council. However, if neither fund has been established, money received from fees or from the sale or surplus property shall be deposited in the General Fund. Money from either special fund may be disbursed only on approved claims allowed and signed by the President and Secretary of the Town Council.
(C) Money placed in the special nonreverting capital fund may not be withdrawn except for the purposes for which the fund was created, unless the Town Council repeals the ordinance establishing the fund. The Town Council may not repeal the ordinance under suspension of the rules.
(D) Money procured from fees or received from the sale of surplus property under I.C. 36-10-3-12 shall be deposited at least once each month with the Clerk-Treasurer.
(I.C. 36-10-3-22) (Ord. 1-1964, passed 6-1-1964)