(A) The city fiscal officer shall be authorized to establish a Cumulative Capital Development Fund. The purpose of the Fund will be for all uses as set forth in I.C. 36-9-15.5
(B) Tax shall be levied at the rate of $.0500 on each $100 of taxable property in the city for said Fund.
(C) No department may expend money from the Fund for operating costs of the department.
(Ord. G-19-02, passed 3-12-2019; Ord. G-21-11, passed 4-6-2021; Ord. G-22-07, passed 4-5-2022)