Indiana Code Title 36. Local Government § 36-9-17-3

Sec. 3.  A municipality may, by ordinance and in compliance with the procedures for the establishment of a cumulative fund under IC 6-1.1-41, establish a general improvement fund, which shall be used to construct, repair, or improve streets, alleys, sidewalks, curbs, gutters, and sewers.  This fund consists of:

However, special assessments collected by a municipality under any statute other than this chapter may not be deposited in the fund.