Indiana Code Title 36. Local Government § 36-7-4-1329

Sec. 1329. (a) A unit imposing an impact fee shall establish a fund to receive amounts collected under this series.

(b) Money in a fund established under subsection (a) at the end of the unit's fiscal year remains in the fund.  Interest earned by the fund shall be deposited in the fund.

(c) The fiscal officer of the unit shall manage the fund according to the provisions of this series.  The fiscal officer shall annually report to the unit's plan commission and to each infrastructure agency responsible for infrastructure in an impact zone.  The report must include the following:

(d) A separate account shall be established in the fund for each impact zone established by the unit and for each infrastructure type within each zone.  Interest earned by an account shall be deposited in that account.