Sec. 23. (a) “Public funds” means money:

(1) derived from the revenue sources of the governmental body; and

(2) deposited into the general or a special fund of the governmental body.

     (b) The term does not include either of the following:

(1) Money received by a person under an authorized public-private agreement under IC 5-23.

(2) Proceeds of bonds payable exclusively by a private entity.

As added by P.L.49-1997, SEC.1. Amended by P.L.255-2017, SEC.2.