(A) The Lake County Community Economic Development Department's HOME-ARP Allocation Grant Fund, a non-reverting fund, is established for the deposit of $2,197,879 from the U.S. Department of Housing and Urban Development's (HUD) HOME-ARP 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 HOME-ARP Grant Fund.
(D) In the event the Lake County Community Economic Development receives future awards from the U.S. Department (HUD) HOME-ARP Grant program, those grants may be accounted for using the established Fund.
(Ord. 1488B, passed 10-10-2023)