Current through P.L. 171-2024
Section 6-9-42-7 - City admissions tax fund; use of money in the fund(a) If a tax is imposed under this chapter, the city fiscal body shall establish a city admissions tax fund.(b) The city fiscal officer shall deposit money received under section 6 of this chapter in the city admissions tax fund.(c) Money earned from the investment of money in the city admissions tax fund becomes a part of the fund.(d) Money in the city admissions tax fund may be used by the city only for the following: (1) Costs to finance, construct, reconstruct, or improve:(A) public thoroughfares or highways to improve ingress or egress to and from the complex;(B) infrastructure, including water and wastewater improvements, serving the complex;(C) the total cost of all land, rights-of-way, and other property to be acquired by the city for the complex; and(D) site preparation, drainage, landscaping, and lighting.(2) All reasonable and necessary architectural, engineering, legal, financing, accounting, advertising, bond discount, and supervisory expenses related to the acquisition and development of the property or the issuance of bonds.(3) Payment of principal and interest on bonds issued, or lease rentals on leases entered into, by the city to finance the construction, reconstruction, or improvement identified under this subsection. Costs payable under this section include costs of capitalized interest and legal, accounting, and other costs incurred in the issuance of any bonds or the entering into of any leases.(4) Payment of any access or connection fee imposed on the complex for access to the city's public sewer system, as long as the fee applies to all property owners served and is uniformly assessed within the city's corporate boundaries.As added by P.L. 182-2009 (ss), SEC.262.