(A) The town establishes the Regional Revenue Sharing Fund for receipt of revenues under the interlocal cooperation agreement, which Fund is to be administered by the Clerk-Treasurer.
(B) Said Fund shall be used for purposes of economic development, capital improvements, and to support the development of southeastern Indiana.
(C) Said Fund shall not be available or used to reduce the town’s maximum or actual tax levy.
(Ord. 1997-2, passed 1-21-1997)