Chapter 3.22
COUNTY RIVERBOAT CASINO FUND
Sections:
3.22.030 Investment and non-reversion.
3.22.010 Established.
A Vanderburgh County Riverboat Casino Fund (“Riverboat Fund”) is hereby established pursuant to I.C. 36-1-8-9 and tax revenue deposited in the Riverboat Fund may be used for any legal or corporate purpose as determined by the Board of Commissioners of Vanderburgh County.
(Ord. 11-17-024, added, 11/27/2017)
3.22.020 Administration.
The Riverboat Fund shall be administered by the County Treasurer, and the expenses of administering the Riverboat Fund shall be paid from money in the Riverboat Fund.
(Ord. 11-17-024, added, 11/27/2017)
3.22.030 Investment and non-reversion.
Money in the Riverboat Fund not currently needed to meet with obligations of the Riverboat Fund may be invested in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the Riverboat Fund. Money in the Riverboat Fund at the end of a particular fiscal year shall not revert to the Vanderburgh County general fund.
(Ord. 11-17-024, added, 11/27/2017)
3.22.040 Appropriation.
Casino tax revenue deposited within the Riverboat Fund shall be appropriated by the Vanderburgh County Council.
(Ord. 11-17-024, added, 11/27/2017)