Sec. 23. (a) "Public funds" means money: (1) derived from the revenue sources of the governmental body; and (2) deposited into the general or a special fund of the governmental body. (b) The term does not include either of the following: (1) Money received by a person under an authorized public-private agreement under IC 5-23 . (2) Proceeds of bonds payable exclusively by, or used by, a private entity.
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