(A) There is hereby created in the office of Auditor of Tippecanoe County a separate fund to be known as the Hazard Warning Fund. The fund consists of money allocated for warning sirens or other hazard warning systems under the Tippecanoe County Economic Development Income Tax Capital Improvement Fund; money appropriated by the Tippecanoe County Council for deposit in the fund; and gifts, grants and donations intended for deposit in the fund.
(B) Monies may be expended from such fund, subject to appropriation by the Tippecanoe County Council, for the purpose of acquiring, maintaining, repairing, replacing, and implementing hazard warning systems for Tippecanoe County.
(C) Interest on such fund shall be deposited to the County General Fund.
(Res. 2016-16-CM, passed 4-4-16)