Money in the food and beverage tax receipts fund must be used by the town only for the following purposes:

1. (1) Community and economic development projects that are listed in the Wayne County Strategic Plan, excluding infrastructure.
2. (2) The pledge of money under IC 5-1-14-4 for bonds, leases, or other obligations incurred for a purpose described in subdivision (1).

As added by P.L.230-2025, SEC.117.