There is hereby created the Town of Hamilton Rainy Day Fund pursuant to I.C. 36-1-8-5.1. The Hamilton Clerk-Treasurer is hereby authorized to transfer unused and unencumbered funds to the Rainy Day Fund to the extent allowed by I.C. 36-1-8-5.1 in an amount not to exceed 10% of the Town of Hamilton's total annual budget for any fiscal year as adopted under I.C. 6-1.1-17.
(Ord. 03-2023, passed 7-7-23)