§ 34.11 CUMULATIVE CAPITAL IMPROVEMENT FUND.
   (A)   Fund created. There is created in the town, a Cumulative Capital Improvement Fund.
(Ord. 102, passed 7-26-65)
   (B)   Deposits. Proceeds allotted to the town pursuant to applicable state law shall be deposited and used solely for capital improvements defined by the state law.
('88 Code, § 2-6-2)
Statutory reference:
   Cumulative Capital Improvement Funds, see I.C. 36-9-16-1 through 36-9-16-6