(A) The Lake County Community Economic Development Department's American Rescue Plan Act-HOME Supplemental Allocation Grant Fund, a non-reverting fund, is established for the deposit of $2,197,579 from the U.S. Department of Housing and Urban Development's (HUD) ARP-HOME Supplemental Allocation Grant.
(B) Pursuant to I.C. 36-2-5-2(b) the Lake County fiscal body shall appropriate all money to be paid out of the fund, except as otherwise provided by law.
(C) Any money remaining in the fund at the end of the year shall not revert to any other fund but continues in the Lake County Community Economic Development Department's America Rescue Plan Act-HOME Supplemental Allocation Grant Fund.
(D) In the event the Lake County Community Economic Development Department receives future awards from the U.S. Department of Housing and Urban Development (HUD) ARP-HOME Supplemental Allocation Grant program, those grants may be accounted for using the established Fund.
(Ord. 1485A, passed 7-11-2023)