There is hereby established a Cumulative Capital Improvement Fund to provide money for one or more of the following purposes:
(A) To acquire land or rights-of-way to be used for public ways or sidewalks;
(B) To construct and maintain public ways or sidewalks;
(C) To acquire land or rights-of-way for the construction of sanitary or storm sewers, or both;
(D) To construct and maintain sanitary or storm sewers, or both;
(E) To acquire, by purchase or lease, or to pay all or part of the purchase price of a utility;
(F) To purchase or lease land, buildings, or rights-of-way for the use of any utility that is acquired or operated by the city;
(G) To purchase or acquire land, with or without buildings, for park or recreation purposes;
(H) To purchase, lease, or pay all or part of the purchase price of motor vehicles for the use of any combination of the Police, a community corrections program, or the Fire Department, including ambulances and firefighting vehicles with the necessary equipment, ladders and hoses;
(I) To purchase, lease or pay all or part of the cost of electronic monitoring equipment used by a state or local community corrections program.
(J) To retire in whole or in part any general obligation bonds of the city that were issued for the purpose of acquiring or constructing improvements or properties that would qualify for the use of cumulative capital improvement funds; or
(K) To purchase or lease equipment and other nonconsumable personal property needed by the city for any public transportation use.
(L) The fund may be used for any of the following purposes:
(1) To purchase, lease, upgrade, maintain, or repair one or more of the following:
(a) Computer hardware;
(b) Computer software;
(c) Wiring and computer networks;
(d) Communication access systems used to connect with computer networks or electronic gateways.
(2) To pay for the services of full-time or part-time computer maintenance employees.
(3) To conduct nonrecurring inservice technology training of unit employees.
(M) To purchase body armor (as defined in IC 36-8-4-4.5(a)) for active members of a police department.
(IC 36-9-16-3)