(A) The County Cumulative Capital Development Fund (“Cumulative Capital Development Fund”) is hereby established for all such uses set forth in I.C. 36-9-14-5.
(B) The Cumulative Capital Development Fund will not exceed $0.0333 on each $100 of assessed valuation. The tax will be levied beginning with the taxes assessed 2012 and payable 2013 and each year thereafter, continuing until reduced or rescinded.
(C) The proofs of publication of the public hearing held on July 2, 2012 and a certified copy of this section shall be submitted to the Department of Local Government Finance of the state as provided by law. The Cumulative Capital Development Fund is subject to the approval of the Department of Local Government Finance.
(Ord. 1-2-33, passed 7-2-2012)