Indiana Code 36-7.5-7-10. Lake County convention and event center reserve fund; administration
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Sec. 10. (a) A local county fund known as the Lake County convention and event center reserve fund is established to pay for:
(2) refurbishment; and
(1) additions;
Terms Used In Indiana Code 36-7.5-7-10
- convention center authority: refers to the Lake County convention center authority established under section 9 of this chapter. See Indiana Code 36-7.5-7-2
- convention fund: means the Lake County economic development and convention fund established by section 5 of this chapter. See Indiana Code 36-7.5-7-3
- reserve fund: means the Lake County convention and event center reserve fund established by section 10 of this chapter. See Indiana Code 36-7.5-7-4
(3) budget shortfalls or other unusual costs;
of a convention and event center that is constructed using money from the convention fund under this chapter.
(b) The reserve fund consists of:
(1) transfers under IC 6-9-2-1.5(c); and
(2) gifts, grants, donations, or other contributions from any other public or private source.
(c) The convention center authority shall administer the reserve fund.
As added by P.L.195-2023, SEC.7.