36-9-16.5-1. Application of Chapter

Sec. 1. This chapter applies to all municipalities. As added by Acts 1981, P.L.307, SEC.2.

36-9-16.5-2. Establishment by Municipality; Purposes

Sec. 2. (a) A municipality may establish a cumulative street fund to provide money for: (1) the acquisition of rights-of-way for public ways or sidewalks; or (2) the construction or reconstruction of public ways or sidewalks. (b) A cumulative street fund may be established by a municipal legislative body through the adoption of a resolution. […]

36-9-16.5-3. Source of Revenues

Sec. 3. (a) Revenues which may be deposited to the cumulative street fund include: (1) all or part of the revenues from any property tax levy dedicated for road and street purposes; (2) all or part of the municipality’s federal revenue sharing funds; or (3) other sources by resolution of the municipal legislative body. (b) […]