There is hereby established a special police fund to be known as the Law Enforcement Aid Fund for the purpose of receiving and accepting contributions by way of transfer, grant, gift or bequest from any person, firm, trust, or state or local governmental agency, to be held and administered by the Chief of Police for the purchase of illegal contraband, offer of rewards, payment of informants for information and evidence leading to the apprehension and conviction of persons engaging in criminal activity within or affecting the city or its residents, and for the purchase of police surveillance or investigation equipment.
(A) Custodian. The Chief of Police shall be the custodian of the Law Enforcement Aid Fund and is authorized to open and maintain a checking or other demand deposit account with an Indiana financial institution for the receipt and disbursement of said funds in compliance with the following provisions of this subchapter.
(B) Cash. The Chief of Police, as custodian of said fund, is authorized to maintain all or a portion of said fund, up to $2,000 in cash, kept in a secure, locked strong box at the Police Department.
(`90 Code, § 2.44.010) (Ord. 89-34, passed - - ; Am. Ord. 2018-10, passed 4-10-2018)