§ 12-20-25-40 — Local income tax township assistance control fund; disbursement priorities

Indiana § 12-20-25-40

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

Text

The county treasurer shall deposit the
disbursements from the treasurer of state in a county fund to be known
as the local income tax township assistance control fund.
Notwithstanding IC 6-3.6 and IC 6-1.1-18.5, the county treasurer shall
disburse the money in the fund in the following priority:
(1) To ensure the payment within thirty (30) days of all valid
township assistance claims in the distressed township that are not
covered by subdivision (3).
(2) At the end of each calendar year, to redeem any outstanding
bonds issued or repay loans incurred by the county for poor relief
or township assistance purposes under IC 12-2-4.5 (before its
repeal), IC 12-2-5 (before its repeal), IC 12-20-23 (before its
repeal), or IC 12-20-24 to the extent the proceeds of the bonds or
loans were advanced to the distressed township.
(3) To pay claims approved under section 27 or 28 of this chapter
(or IC 12-2-14-22 or IC 12-2-14-23 before their repeal).
(4) As provided in IC 6-3.6, for the purposes specified in the
ordinance imposing the local income tax under this chapter.
[Pre-1992 Revision Citation: 12-2-14-35.]

Legislative History

As added by P.L.2-1992, SEC.14. Amended by P.L.73-2005, SEC.138; P.L.169-2006, SEC.42; P.L.197-2016, SEC.108.