Indiana Code — Title 6 (Taxation)
IC 6-9-48-10
Use of tax revenue
Sec. 10. Amounts received by the capital improvement board under this chapter may be used by the capital improvement board only for the following purposes:
# (1)
The acquisition, construction, improvement, maintenance, or financing of:
# (A)
a convention center that is constructed after June 30, 2018;
# (B)
a facility that is used or will be used principally for:
(i) convention or tourism related events; or
(ii) the arts;
that is constructed after June 30, 2018; or
# (C)
wayfinding improvements made after June 30, 2018, that assist individuals in locating and following or discovering a route through and to a given location, including kiosks, indoor maps, and building directories.
# (2)
To pay the principal and interest on bonds issued to finance a purpose described in subdivision (1).
As added by P.L.212-2018(ss), SEC.30.
Amendment history
As added by P.L.212-2018(ss), SEC.30.
Source: view the official text
Nearby sections (25 sections)
- 6-9-47.5-9 · Use of tax revenue
- 6-9-47.5-10 · Covenants
- 6-9-47.5-11 · Expiration of tax
- 6-9-48-1 · Application of chapter
- 6-9-48-2 · Definitions
- 6-9-48-3 · "Capital improvement board"
- 6-9-48-4 · Imposition of tax by ordinance; separate hearing
- 6-9-48-5 · Taxable transactions
- 6-9-48-6 · Tax rate
- 6-9-48-7 · Collection procedures
- 6-9-48-8 · Distribution of tax revenue
- 6-9-48-9 · Deposit of tax revenue
- 6-9-48-10 · Use of tax revenue
- 6-9-48-11 · Expiration of chapter
- 6-9-49-1 · Applicability
- 6-9-49-2 · Definitions
- 6-9-49-3 · Authorization to impose tax
- 6-9-49-4 · Food or beverage transactions to which tax applies
- 6-9-49-5 · Rate
- 6-9-49-6 · Applicability of state gross retail tax provisions
- 6-9-49-7 · Distribution
- 6-9-49-8 · Food and beverage tax receipts fund
- 6-9-49-9 · Uses of revenue
- 6-9-49-10 · Covenant
- 6-9-49-11 · Expiration of tax