A. A municipal governing body is authorized to offer and pay a reward, from municipal funds, in an amount not to exceed One Thousand Dollars ($1,000.00) for the arrest and conviction, or for evidence leading to the arrest and conviction of any person stealing or defacing municipal road signs or other municipal owned property. B. The municipal governing body may create and maintain a reward fund from which to pay the rewards provided for in subsection A of this section. The municipal governing body shall determine the amount and source of funds necessary to pay the rewards authorized in subsection A of this section. C. Any person convicted of theft or defacing municipal road signs or other municipal owned property may, in lieu of other fines and penalties, be required to deposit like amount into the reward fund established pursuant to this section. D. A municipal governing body shall not be required to provide rewards or create a reward fund pursuant to the provisions of this section.
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