(A) The Take County Council establishes the Lake County Tax Sale Paddle Fund, a non-reverting fund, established for the deposit of funds collected pursuant to the Lake County Tax Sale Paddle Fee, established pursuant to I.C. 6-1.1-24-16.
(B) Deposits to the Fund shall be made not later than 30 days after the conclusion of a tax sale, and may be used only to (1) defray the expenses of the tax sale or (2) reduce the number of vacant and abandoned houses, including rehabilitation, demolition and foreclosure prevention and counseling.
(C) Money remaining in the Fund at the end of the year shall remain in the Fund and not revert to the General Fund.
(Ord. 1385B, passed 6-9-2015)