§ 33.39 ECONOMIC DEVELOPMENT INCOME TAX FUND.
   (A)   A fund shall be established known as the Town of Monrovia Economic Development Income Tax Fund, and the revenue received by the town from the County Economic Development Income Tax shall be deposited into that fund.
   (B)   The revenue deposited into the Town of Monrovia Economic Development Income Tax Fund, which results from the county's increase in the County Economic Development Income Tax, shall be used, once it is appropriated to the town, in accordance with Indiana law.
(Ord. 08-2004, passed 5-24-2004)