Money in the food and beverage tax receipts fund must be used by the town only for the following purposes:(1) Park and recreation purposes, including the purchase of land for park and recreation purposes.(2) Tourism related purposes or facilities, including the purchase of land for tourism related purposes.(3) The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivisions (1) and (2).Revenue derived from the imposition of a tax under this chapter may be treated by the town as additional revenue for the purpose of fixing its budget for the budget year during which the revenues are to be distributed to the town.As added by P.L.236-2023, SEC.119.
Indiana Legal Code