Payment to capital improvement board of county
Sec. 8. The amounts received from the county food and beverage
tax shall be paid monthly by the treasurer of the state to the treasurer
of the capital improvement board of managers of the county or its
designee upon warrants issued by the auditor of state. So long as
there are any current or future obligations owed by the capital
improvement board of managers to the Indiana stadium and
convention building authority created by IC 5-1-17 or any state
agency pursuant to a lease or other agreement entered into between
the capital improvement board of managers and the Indiana stadium
and convention building authority or any state agency under
IC 5-1-17-26, the capital improvement board of managers or its
designee shall deposit the revenues received from that portion of the
county food and beverage tax imposed under:
(1) section 5(a) of this chapter for revenue received after
December 31, 2027; and
(2) section 5(b) of this chapter;
in a special fund, which may be used only for the payment of the
obligations described in this section.
As added by Acts 1981, P.L.99, SEC.1. Amended by P.L.214-2005,
SEC.31.
Last modified: May 28, 2006