(A) Establishment. A community grant construction fund is hereby established for the purpose of receiving distributions.
(B) Deposit of funds. The Clerk-Treasurer shall deposit all grant money from the State of Indiana and transfer proceeds from 2016 General Obligation Bonds.
(C) Use of funds. The community grant construction fund shall be used for payment of capital improvements for road paving projects.
(Ord. 2017-05, passed 4-24-17)