§ 12-20-25-35 — Control board report to county fiscal body; adoption or rejection of financial plan; inclusion of income tax

Indiana § 12-20-25-35

• Jurisdiction: Indiana
• Art. 20: TOWNSHIP ASSISTANCE
• Ch. 25: Township Assistance in Distressed Townships

Text

Note: This version of section effective until 7-1-2027. See also
following version of this section, effective 7-1-2027.
Sec. 35. (a) The control board shall report the
following to the county fiscal body:
(1) The audit findings of the management committee.
(2) The financial plan adopted under section 33 of this chapter.
(b) Not more than thirty (30) days after notice, the county fiscal
body shall adopt one (1) of the following:
(1) An ordinance adopting the financial plan adopted by the
control board.
(2) An ordinance rejecting the financial plan adopted by the
control board.
(c) Notwithstanding IC 6-3.6-3, if:
(1) the financial plan adopted under section 33 of this chapter
includes a local income tax rate; and
(2) the fiscal body adopts an ordinance adopting the financial plan
under subsection (b);
the local income tax rate is imposed at the rate adopted in the financial
plan. Subject to the requirements of this chapter and notwithstanding
that the local income tax council may be the adopting body specified
in IC 6-3.6-3-1, the county fiscal body, rather than the local income tax
council, has the authority granted to a local income tax council by IC 6-3.6-3 as long as the local income tax rate imposed under this chapter
remains in effect.
[Pre-1992 Revision Citation: 12-2-14-30.]

Legislative History

As added by P.L.2-1992, SEC.14. Amended by P.L.197-2016, SEC.104.