IC 6-9-48-10: Use of tax revenue

Sec. 10. Amounts received by the capital improvement board under this chapter may be used by the capital improvement board only for the following purposes:

(1) The acquisition, construction, improvement, maintenance, or financing of:

(A) a convention center that is constructed after June 30, 2018;

(B) a facility that is used or will be used principally for:

(i) convention or tourism related events; or

(ii) the arts;

that is constructed after June 30, 2018; or

(C) wayfinding improvements made after June 30, 2018, that assist individuals in locating and following or discovering a route through and to a given location, including kiosks, indoor maps, and building directories.

(2) To pay the principal and interest on bonds issued to finance a purpose described in subdivision (1).