(A) The County Cumulative Capital Development Fund shall be funded by the levying of a tax on the taxable property in the county.
(B) The tax rate for the first year of the County Cumulative Capital Development Fund shall be $0.05 per $100 of assessed valuation.
(C) The tax for funding the Capital Development Fund shall be levied for a period not to exceed three years.
(D) Any increase, reduction or rescinding of the tax levy shall comply with the provision of I.C. 36-9-14.5-6.
(BC Ord. 1991-2, passed 5-13-1991; BC Ord. 1994-8, passed 6-20-1994)