Section 36-7.5-7-10 - Lake County convention and event center reserve fund; administration(a) A local county fund known as the Lake County convention and event center reserve fund is established to pay for: (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.Added by P.L. 195-2023,SEC. 7, eff. 7/1/2023.