(A) Establishment. There is hereby established for the town the Community Crossings Grant Fund.
(B) Purpose. The Community Crossings Grant Fund of the town may be used only for eligible projects as approved and authorized pursuant to I.C. 8-23-30, as amended.
(C) Appropriations. The Community Crossings Grant Fund of the town is subject to the same appropriation process as other similar funds.
(D) Source. The Community Crossings Grant Fund of the town shall have as its source of funds the receipt of Community Crossings Grant awards from the state pursuant to I.C. 8-23-30.
(E) Non-reverting. The Community Crossings Grant Fund of the town shall be a non-reverting fund with all unused monies in said fund at the end of each fiscal year remaining in the Community Crossings Grant Fund. In addition, any interest earned on the monies in the Community Crossings Grant Fund shall remain in and be credited to the Community Crossings Grant Fund.
(Ord. 594, passed 2-6-2017)