A township must enter into a written memorandum of understanding with a city, town, or county, as applicable, for, subject to section 5 of this chapter, the transfer of funds from a fund established under section 2 of this chapter to the city, town, or county for the purpose of bidding out projects that are:

1. (1) for the improvement of roads and infrastructure within the township's boundaries; and

2. (2) approved by the township.

   Funds used for a project under this section must be used solely for projects for roads and infrastructure that are within the township's boundaries.

As added by P.L.173-2025, SEC.39.