a. There is hereby established a Special Town Ambulance Equipment Non-Reverting Fund for purposes of establishing a maintenance and capital improvement funding source for Town ambulance equipment, pursuant to the provisions of Indiana Code 36-1-3-1 et seq., as amended from time to time.
b. The established Special Town Ambulance Equipment Non-Reverting Fund shall be funded from ambulance service rate fees paid to the Town for the provision of ambulance services, as specified in the ambulance user fee/rate ordinance, as amended from time to time.
c. The funds deposited into the Special Town Ambulance Equipment Non-Reverting Fund established hereby shall be reviewed on an annual basis by the Town Council. Funds collected and deposited into the Special Ambulance Equipment Non-Reverting Fund established hereby shall be utilized solely for maintenance and/or capital improvements for Town ambulance equipment. Said funds are to be used as indicated, and as authorized and approved by the Town Council.
d. The established Special Town Ambulance Equipment Non-Reverting Fund established hereby shall continue as a Non-Reverting Fund until or unless amended or repealed by subsequent Ordinance of the Town. The fund balance in the Special Town Ambulance Equipment Non-Reverting Fund established hereby shall be non-reverting at each calendar year end. In the event that the Special Non-Reverting Fund is terminated by repeal or amendatory ordinance, the funds contained therein at the time of termination of the Non-Reverting Fund by repeal or ordinance shall be deposited into the General Fund of the Town.
(Ord. No. 1641, § 1, 4-13-05)