(A) There is hereby established a special nonreverting fund to be known as the Law Enforcement Investigation Aid Fund 237. Whenever the Town Marshal and/or his or her designees seize funds under I.C. 34-24-1-1 or 21 U.S.C. § 881, the proceeds shall be immediately turned over to the Clerk-Treasurer for deposit into the Law Enforcement Investigation Aid Fund.
(B) Disposition of proceeds forfeited property pursuant to I.C. 34-24-1-5 shall be deposited into the general fund of the unit employing the law enforcement officers that seized the property and excess funds, herein defined as the Town Marshal and/or his or her designees' expense for investigation, shall be transferred to the Treasurer of the State of Indiana for deposit in the common School Fund.
(C) In accordance with I.C. 34-24-19-9, proceeds forfeited under 18 U.S.C. § 981(e), 19 U.S.C. § 1616a, or 21 U.S.C. § 881(e) and any related regulations adopted by the United States Department of Justice shall be deposited into the nonreverting fund known as the Law Enforcement Investigation Aid Fund.
(D) Proceeds deposited in the fund known as the Law Enforcement Investigation Aid Fund may only be expended with the approval of the Town Council President of the town, for the benefit of the New Palestine Police Department for purposes consistent with federal laws and regulations.
(Ord. 091918, passed 9-19-2018)