(A) There is hereby established a City Food and Beverage Tax Fund into which the Clerk-Treasurer shall deposit all tax revenues from the City Food and Beverage Tax (city tax revenues) received monthly from the Treasurer of State.
(B) Revenues in the City Food and Beverage Tax Fund shall be used by the city for any purpose permitted under I.C. 6-9-35-14, including the pledge of city tax revenues to the payment of bonds, leases, or other obligations in accordance with I.C. 5-1-14-4.
(Ord. 44-6-05, passed 6-28-05)