(A) An account is established for the deposit of monies for the Public Safety Local Income Tax Fund. The funds will come from the Jefferson County Auditor monthly or as established by the State of Indiana.
(B) The account shall be named the Public Safety Local Income Tax Fund and all monies contained in said account shall be expended only for the purposes and uses as authorized by IC 6-3.6-6-8 and IC 6-3.6-2-14 and as appropriated by the Common Council.
(C) The express and written approval of the Board of Public Works and Safety of the city shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2020-3, passed 3-17-2020)