§ 12-20-25-36 — Department action; transfer of funds to township assistance account

(a) Notwithstanding IC 6-1.1-17, if the
county fiscal body:
(1) adopts an ordinance under section 35(b)(2) of this chapter; or
(2) fails to adopt an ordinance under section 35(b) of this chapter;
the department shall reduce the county's general fund budget and
increase the distressed township's township assistance account budget
in an amount sufficient to satisfy the requirements of section 33(a)(2)
of this chapter. The department shall notify the county auditor and
county treasurer of the county general fund reduction and the county
treasurer shall transfer from the county general fund to the distressed
township's township assistance account the amount specified by the
department.
(b) Notwithstanding IC 6-1.1-18.5, if a county is required to transfer
money to a distressed township's township assistance account under
subsection (a), the county may not appeal for an excessive levy under
IC 6-1.1-18.5 to replace money that is transferred from the county
general fund.
[Pre-1992 Revision Citation: 12-2-14-31.]

Legislative History

As added by P.L.2-1992, SEC.14. Amended by P.L.90-2002, SEC.359; P.L.73-2005, SEC.136.