§ 30-334. Administration of trust fund.

The monies to be allocated to and deposited into the International Drive Community Redevelopment Trust Fund shall be used to finance "community redevelopment" within the community redevelopment area according to the tax increment revenues generated by the community redevelopment area, which shall be appropriated by the agency. The agency shall utilize the funds and revenues paid into and earned by the International Drive Community Redevelopment Trust Fund for community redevelopment purposes as provided in the plan and as permitted by law. The International Drive Community Redevelopment Trust Fund shall exist for the duration of the community redevelopment undertaken by the agency pursuant to the plan to the extent permitted by the redevelopment act. Monies shall be held in the International Drive Community Redevelopment Trust Fund by the county for and on behalf of the agency, and disbursed by the International Drive Community Redevelopment Trust Fund as provided by the agency.

(Ord. No. 98-22, § 2, 9-29-98)