1. (a) A board that has imposed fees under section 1 of this chapter shall establish and continuously maintain a separate fund under this section to be known as the "______________ district solid waste management fund".
2. (b) All fees remitted to the district under section 1 of this chapter shall be deposited in the fund.

3. (c) Money in the fund may be used only for the following purposes:

   1. (1) To pay expenses of administering the fund.
   2. (2) To pay costs associated with the development and implementation of the district plan.

4. (d) The controller of the district shall administer a fund established under this section. Money in the fund that is not currently needed for the purposes set forth in subsection (c) shall be deposited and invested in the same manner as other county money is deposited and invested under IC 5-13 . Interest that accrues from these investments shall be deposited in the fund. Money in the fund at the end of a district's fiscal year does not revert to:

   1. (1) a county general fund; or
   2. (2) any other fund.

5. (e) The controller of a district shall:

   1. (1) file an individual surety bond; or

   2. (2) revise an existing bond;

      in a sufficient amount determined under IC 5-4-1-18 to reflect the liability associated with the handling of the district's money.

      [Pre-1996 Recodification Citation: 13-9.5-7-2.]

As added by P.L.1-1996, SEC.11. Amended by P.L.214-2005, SEC.59.