A.    The Bartholomew County telecommunications non-reverting fund, hereinafter referred to as the fund, is established and Bartholomew County's pro-rata share of the present Bartholomew Columbus telecommunications non-reverting fund is transferred to this nonreverting fund. Bartholomew County's pro-rata share of the present Bartholomew Columbus telecommunications nonreverting fund shall equal that portion of the fund which the county manages based on the fees paid by subscribers located outside the corporate boundaries of the city of Columbus, Indiana. The Columbus telecommunications nonreverting fund heretofore established under Ordinance No. 98-27, shall be deemed to be the city's fund which is referenced within this chapter.

    B.    The Columbus city-clerk treasurer shall be responsible for paying all expenses of the Bartholomew Columbus telecommunications commission budget during the course of the calendar year. On or before July 15th of each year and January 15th of each year, the Columbus city-clerk treasurer shall submit to the Bartholomew County commissioners an itemized statement detailing the total amount of the semi-annual expenses of the Bartholomew Columbus telecommunication commission as of the immediately preceding June 30th and December 31st of each year. Bartholomew County shall then promptly reimburse the city as set forth below for the county's pro-rata share of the annual operating budget of the Bartholomew Columbus telecommunications commission. Further, the Columbus City clerk treasurer shall receive, invest and reinvest the city's pro-rata share of any cable television franchise fees received under any franchise agreement.

    C.    The county treasurer shall receive, invest and reinvest Bartholomew County's pro-rata share of any cable television franchise fees received under any franchise agreement. (Ord. 99-8 § 1, 1999)