Indiana Code 6-9-49-9. Uses of revenue
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Sec. 9. Money in the food and beverage tax receipts fund must be used by the city only for the following purposes:
(2) The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivision (1).
(1) Revitalization projects in the city, including the repurposing of buildings and the city’s main street program.
Terms Used In Indiana Code 6-9-49-9
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Revenue derived from the imposition of a tax under this chapter may be treated by the city as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the city.
As added by P.L.290-2019, SEC.12.