County admissions tax fund; establishment; deposit and use of
money
Sec. 7. (a) If a tax is imposed under this chapter, the county
legislative body shall establish a county admissions tax fund.
(b) The county treasurer shall deposit money received under
section 6 of this chapter in the county admissions tax fund.
(c) Money earned from the investment of money in the admissions
tax fund becomes a part of the fund.
(d) Money in the county admissions tax fund may be used by the
county only for the following:
(1) Providing financial assistance, including grants, loans, and
guarantees, for private enterprise to complete economic
development projects in the county.
(2) Retiring bonds issued under Indiana law.
(3) Paying lease rentals under Indiana law.
(4) Paying the operating expenses of a governmental entity that
plans or implements economic development projects.
As added by P.L.19-1994, SEC.13. Amended by P.L.28-1997,
SEC.28.
Last modified: May 28, 2006