The executive of a county or municipality located in a district may, with the approval of the fiscal body of the county or municipality:

1. (1) grant or loan public money to the district; and

2. (2) establish procedures:

   1. (A) for awarding grants; and

   2. (B) for the repayment of loans.

      [Pre-1996 Recodification Citation: 13-9.5-2-11.7.]

As added by P.L.1-1996, SEC.11.