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Indiana Code — Title 6 (Taxation)

IC 6-9-62-9

Uses of money in fund

Official textiga.in.govlast amended

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

# (1)

Rehabilitation, renovation, repurposing, improvement, or maintenance of historic property.

# (2)

Park and recreation purposes, including the purchase of land for park and recreation purposes.

# (3)

Economic development purposes.

# (4)

The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivisions (1) through (3).
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.230-2025, SEC.111.

Amendment history

As added by P.L.230-2025, SEC.111.

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Nearby sections (25 sections)
  1. 6-9-61-8 · Food and beverage tax receipts fund
  2. 6-9-61-9 · Uses of money in fund
  3. 6-9-61-10 · Covenant of general assembly with holders of obligations
  4. 6-9-61-11 · Termination and expiration
  5. 6-9-62-1 · Application
  6. 6-9-62-2 · Application of definitions
  7. 6-9-62-3 · Fiscal body ability to adopt ordinance to impose tax
  8. 6-9-62-4 · Applicable transactions
  9. 6-9-62-5 · Tax rate
  10. 6-9-62-6 · Imposition, payment, and collection of tax
  11. 6-9-62-7 · Amounts received paid monthly to treasurer of state; warrants
  12. 6-9-62-8 · Food and beverage tax receipts fund
  13. 6-9-62-9 · Uses of money in fund
  14. 6-9-62-10 · Covenant of general assembly with holders of obligations
  15. 6-9-62-11 · Termination and expiration
  16. 6-9-63-1 · Application
  17. 6-9-63-2 · Application of definitions
  18. 6-9-63-3 · Fiscal body ability to adopt ordinance to impose tax
  19. 6-9-63-4 · Applicable transactions
  20. 6-9-63-5 · Tax rate
  21. 6-9-63-6 · Imposition, payment, and collection of tax
  22. 6-9-63-7 · Amounts received paid monthly to treasurer of state; warrants
  23. 6-9-63-8 · Food and beverage tax receipts fund
  24. 6-9-63-9 · Uses of money in fund
  25. 6-9-63-10 · Covenant of general assembly with holders of obligations
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