Auditorium fund; deposits; use of fund
Sec. 8.5. (a) If the tax imposed under section 3 of this chapter is
continued to finance improvements to the county auditorium or
auditorium renovation resulting in a new convention center and
related parking facilities, the county treasurer shall establish an
auditorium fund.
(b) The county treasurer shall deposit in this fund all amounts
received under this chapter.
(c) Any money earned from the investment of money in the fund
becomes a part of the fund.
(d) Money in the fund shall be used by the county for the
financing, construction, renovation, improvement, and equipping of
a county auditorium or auditorium renovation resulting in a new
convention center and related parking facilities.
As added by P.L.99-1995, SEC.10. Amended by P.L.69-1996, SEC.3.
Last modified: May 28, 2006