Sec. 10. (a) A local county fund known as the Lake County convention and event center reserve fund is established to pay for: (1) additions; (2) refurbishment; and (3) budget shortfalls or other unusual costs; of a convention and event center that is constructed using money from the convention fund under this chapter. (b) The reserve fund consists of: (1) transfers under IC 6-9-2-1.5 (c); and (2) gifts, grants, donations, or other contributions from any other public or private source. (c) The convention center authority shall administer the reserve fund.
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