§ 29.210 CUMULATIVE CAPITAL DEVELOPMENT FUND REESTABLISHED.

(A) The Town Council hereby reestablishes a Cumulative Capital Development Fund which is to be used for any lawful purpose set forth in I.C. 36-9-15.5.

(B) The Town Council will adhere to the provisions of I.C. 36-9-15.5 and the proposed tax rate for said fund will not exceed the highest rate of levy allowed by Indiana law.

(Ord. 8890, passed 8-8-1990; Am. Ord. 051513, passed 6-1-2013; Am. Ord. 402022, passed 4-20-2022; Am. Ord. 080223, passed 8-2-2023)

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