Sec. 11. (a) If an ordinance is adopted under section 5 of this chapter, the
county treasurer shall establish a food and beverage tax receipts fund.
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Terms Used In Indiana Code 6-9-41-11
- county: means Monroe County. See Indiana Code 6-9-41-4
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(c) Any money earned from the investment of money in the fund becomes part of the fund.
(d) Money in the fund at the end of the county fiscal year does not revert to the county general fund.
As added by P.L.176-2009, SEC.21.
