Section 6-9-58-9 - [Effective 7/1/2024] Money in the food and beverage tax receipts fund must be used by the city only for the following purposes:
(1) Development related to the northern Indiana commuter transportation district's construction of the West Lake Corridor Commuter Rail Project.(2) Development in the city's downtown area, including the purchase of land for development in the city's downtown area.(3) The expansion and improvement of the Hammond Sportsplex and Community Center, including the purchase of land for the expansion and improvement of the Hammond Sportsplex and Community Center.(4) The expansion and improvement of the Pavilion at Wolf Lake Memorial Park, including the purchase of land for the expansion and improvement of the Pavilion at Wolf Lake Memorial Park.(5) 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 (4). 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.
Added by P.L. 137-2024,SEC. 19, eff. 7/1/2024.