(A) An account is established for the deposit of monies to render unsafe buildings safe. The name of the account shall be the Unsafe Building Fund. The monies for this fund may be received from any source, including appropriations by local, state, or federal governments, and donations. In addition all monies required by IC 36-7-9-14, or by any other law of the State of Indiana, to be deposited in this fund, shall be deposited into this fund.
(B) The Unsafe Building Fund shall be used to carry out the purposes of IC 36-7-9 et seq.
(C) The express and written approval of the Board of Public Works and Safety of the City of Madison shall be obtained prior to the expenditure of funds from the account.
(D) In accordance with IC 36-7-9-14(a), any balance remaining in the fund, at the end of a fiscal year, shall be carried over in the fund for the following year, and shall not revert to the general fund.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council of the City of Madison, Indiana, the remaining balance of the terminated account shall revert to the general budget of the Common Council of the City of Madison, Indiana.
(Ord. 2009-2, passed 2-17-09)