Food and beverage tax receipts fund
Sec. 9. (a) If a tax is imposed under section 3 of this chapter, the
civic center authority shall establish a food and beverage tax receipts
fund.
(b) The authority 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 this fund shall be used by the authority solely to
finance, construct, improve, equip, operate, maintain, and promote
the use of a civic center or to renovate, equip, operate, maintain, and
promote the use of any existing structure that may be used as a civic
center. The civic center authority is authorized to enter into lease or
contractual arrangements, or both, with governmental, not-for-profit,
or other private entities for the purpose of operating, maintaining,
and promoting the use of a civic center.
As added by P.L.76-1986, SEC.1.
Last modified: May 28, 2006