(c) The legislative body of a unit or the board of fire trustees of a fire protection district may provide a cumulative building and equipment fund under IC 6-1.1-41 for the following purposes:

1. (1) The:

   1. (A) purchase, construction, renovation, or addition to buildings; or

   2. (B) purchase of land;

      used by the fire department or a volunteer fire department serving the unit.

2. (2) The purchase of firefighting equipment for use of the fire department or a volunteer fire department serving the unit, including making the required payments under a lease rental with option to purchase agreement made to acquire the equipment.
3. (3) In a municipality, the purchase of police radio equipment.

4. (4) The:

   1. (A) purchase, construction, renovation, or addition to a building;
   2. (B) purchase of land; or

   3. (C) purchase of equipment;

      for use of a provider of emergency medical services under IC 16-31-5 to the unit establishing the fund.

(d) In addition to the requirements of IC 6-1.1-41 , before a cumulative fund may be established by a township fire protection district, the county legislative body which appoints the trustees of the fire protection district must approve the establishment of the fund.

[Pre-Local Government Recodification Citations: 18-6-7-1; 18-6-9-1.]

As added by Acts 1981, P.L.309, SEC.66. Amended by P.L.316-1989, SEC.2; P.L.2-1993, SEC.205; P.L.171-1994, SEC.1; P.L.17-1995, SEC.22; P.L.1-1999, SEC.102; P.L.140-2002, SEC.2.