§ 2-175 RIVERBOAT WAGERING TAX REVENUE SHARING FUND.

   (A)   There is hereby established the Riverboat Wagering Tax Revenue Sharing Fund.

   (B)   According to I.C. 4-33-13-5(f), riverboat wagering tax revenue sharing may be used for the following purposes:

      (1)   To reduce the property levy of the city;

      (2)   To fund additional property tax replacement credits;

      (3)   To fund sewer and water projects, including storm water management projects;

      (4)   For police and fire pension; and

      (5)   To carry out any governmental purpose for which the fiscal body of the city appropriates the riverboat wagering tax revenue sharing.

(Ord. 2003-1510, passed 8-18-2003)