(a) A local county fund known as the Lake County convention and event center reserve fund is established to pay for:(1) additions;(2) refurbishment; and(3) budget shortfalls or other unusual costs;of a convention and event center that is constructed using money from the convention fund under this chapter.(b) The reserve fund consists of:(1) transfers under IC 6-9-2-1.5(c); and(2) gifts, grants, donations, or other contributions from any other public or private source.(c) The convention center authority shall administer the reserve fund.As added by P.L.195-2023, SEC.7.
Indiana Legal Code