Pursuant to the Parks and Recreation Law (I.C. 36-10-3) and pursuant to the request of the Board of Parks and Recreation of the city, there is hereby created a special nonreverting capital fund for the purpose of acquiring land or making specific capital improvements, as approved by the Board of Parks and Recreation, for park and recreational purposes. The fund shall be a cumulative fund; all of the money deposited shall be appropriated and used solely for this purpose and none of the money shall revert to the general fund or be used for any other purposes without additional ordinance of the City Council. All grant money received by the Parks and Recreation Department for capital projects must be deposited in the Non-Reverting Park Development Fund.
(`81 Code, § 94.02) (Ord. 1502, passed 9-27-70; Am. Ord. 97-2248, passed 5-19-97; Am. Ord. 14-2752, passed 10-17-14; Am. Ord. 21-2930, passed 9-20-21)