§ 151.31 FINANCING OF AUTHORITY.

   (A)   The activities of the Authority shall be financed from one or more of the following sources:

      (1)   Donations to the Authority for the performance of its functions;

      (2)   Proceeds of a tax imposed pursuant to § 151.32;

      (3)   Money borrowed and to be paid as authorized by § 151.33;

      (4)   Revenues from any property, building or facility owned, leased, licensed or operated by the Authority or under its control, subject to the limitations imposed upon the Authority by trusts or other agreements;

      (5)   Proceeds of a tax increment financing plan, established under §§ 151.34 through 151.36;

      (6)   Proceeds from a special assessment district created as provided by law; and

      (7)   Money obtained from other sources approved by the Village Council.

   (B)   Money received by the Authority and not covered under division (A) above shall immediately be deposited to the credit of the Authority, subject to disbursement pursuant to this chapter. Except as provided in this chapter, the village shall not obligate itself, nor shall it ever be obligated to pay any sums from public funds, other than money received by the village pursuant to this section, for or on account of the activities of the Authority.

(Ord. 187, passed 7-14-2010)