§ 34.46  CAPITAL FUND.
   (A)   There is created pursuant to I.C. 36-10-3-20 a special nonreverting capital fund for the purpose of acquiring land or making specific capital improvements upon properties owned by the city and operated by the Department of Parks and Recreation.
   (B)   Moneys withdrawn from the fund shall be used by the Department of Parks and Recreation of the city for the acquisition of land or the creation of improvements upon land owned by the city and operated by the Department of Parks and Recreation, all as determined by official action of the Park and Recreation Board of the city and upon the consent of the Common Council of the city as evidenced by a resolution approving the application of the funds.
(Ord. 52-7-90, passed 8-27-90)