(A) The Lake County Council hereby establishes the Lake County Major Moves Construction Fund, a non-reverting fund, pursuant to Pub. Law No. 47/ H.E.A. 1008, being I.C. 8-14-16 et seq. for the deposit of a special distribution from the County Auditor made pursuant to the Major Moves Initiative.
(B) The money in the Fund may be expended for only the following purposes:
(1) Construction of highways, roads, and bridges;
(2) In a county that is a member of the Northwest Indiana Regional Development Authority, or in a city or town located in such a county, any purpose for which the Regional Development Authority may make expenditures under I.C. 36-7.5;
(3) Providing funding for economic development projects;
(4) Matching federal grants for a purpose described in I.C. 8-14-16-5;
(5) Providing funding for interlocal agreements under I.C. 36-1-7 for a purpose described in I.C. 8-14-6-5; and
(6) Providing for the county’s contribution to the Northwest Indiana Regional Development Authority, in the case of a county described in I.C. 36-7.5-2-3(e).
(C) The Lake County Major Moves Construction Fund must be appropriated as part of the annual budget for the calendar year in accordance with I.C. 6-1.1-17 et seq.
(D) Appropriations shall be made out of the Major Moves Construction Fund pursuant to law.
(E) Any money remaining in the Fund at the end of the year shall not revert to the General Fund but continue in the Major Moves Construction Fund, subject to appropriation by the Lake County Council or as otherwise provided by law.
(Ord. 1278D, passed 8-22-2006)