(A) A fund is established as the Community Development Fund, into which the revenues from the Indiana Admissions Tax and the Indiana Waging Tax will be deposited.
(B) Except for disbursements as endowment contributions to the Ohio County Community Foundation, said fund shall accumulate and shall not be expended or distributed for a period of five years from the date of initial contribution.
(Ord. 1998-2, passed 7-2-98; Am. Ord. 1999-11, passed 12-29-99)