(A) There is now created the Economic Development Commission Bond Fee Fund.
(B) Fees paid by applicants pursuant to I.C. 36-7-12-29 shall be placed in this Fund to be used as provided by statute and the Clerk-Treasurer is authorized to make receipts into the Fund and make payments from the Fund in the usual course of business and in accordance with Indiana law.
(C) This Fund shall be a continuing fund and all monies receipted into the Fund shall be expended for the purposes set forth in division (B). Any balance remaining in the Fund at the end of a year shall not revert to the General Fund but shall remain in the Economic Development Commission Bond Fee Fund to be expended for the purposes set forth in division (B).
(Ord. 07-06, passed 4-9-07)