Uses of revenue

Official textiga.in.govlast amended 2019

Sec. 9. Money in the food and beverage tax receipts fund must be used by the city only for the following purposes:

# (1)

Revitalization projects in the city, including the repurposing of buildings and the city's main street program.

# (2)

The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivision (1).
Revenue derived from the imposition of a tax under this chapter may be treated by the city as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the city.
As added by P.L.290-2019, SEC.12.

Amendment history

As added by P.L.290-2019, SEC.12.

Source: view the official text

Nearby sections (25 sections)

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
6-9-50-1 · Applicability
6-9-50-2 · Definitions
6-9-50-3 · Authorization to impose tax
6-9-50-4 · Food or beverage transactions to which tax applies
6-9-50-5 · Rate
6-9-50-6 · Applicability of state gross retail tax provisions
6-9-50-7 · Distribution
6-9-50-8 · Food and beverage tax receipts fund
6-9-50-9 · Uses of revenue
6-9-50-10 · Covenant

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