Supplemental coliseum improvement fund
Sec. 8. If a tax is imposed under section 3 of this chapter, the
county treasurer shall establish a supplemental coliseum
improvement fund. The county treasurer shall deposit in this fund all
amounts received from the tax imposed under this chapter. Money in
this fund may be appropriated only:
(1) for acquisition, improvement, remodeling, or expansion of;
or
(2) to retire or advance refund bonds issued, loans obtained, or
lease payments incurred under IC 36-1-10 (referred to in this
chapter as "obligations") to remodel, expand, improve, or
acquire;
an athletic and exhibition coliseum in existence before the effective
date of an ordinance adopted under section 3 of this chapter.
As added by P.L.8-2000, SEC.3.
Last modified: May 28, 2006