§ 14-13-4-15 — Budgets

Indiana § 14-13-4-15

• Jurisdiction: Indiana
• Art. 13: LOCAL RESOURCE DEVELOPMENT
• Ch. 4: River Marina Development Commission

Text

(a) The commission shall prepare and adopt
by majority vote an annual budget that shall be submitted to each
county, municipality, or agency appropriating money for the use of the
commission. After approval of the budget by the commission, money
may be expended only as budgeted, unless a majority vote of the
commission authorizes other expenditures. If money is appropriated by
the commission for the use of a county, a municipality, or an agency,
the money may not later be diverted from the county, municipality, or
agency without the consent of the county, municipality, or agency.
(b) Appropriated money remaining unexpended or unencumbered
at the end of the year becomes part of a nonreverting cumulative fund
to be held in the name of the commission. The commission may
authorize unbudgeted expenditures from this fund by a majority vote
of the commission.
(c) The commission is responsible for money the commission
receives under this chapter. The state board of accounts shall:
(1) prescribe the methods and forms for keeping; and
(2) periodically audit;
the accounts, records, and books of the commission.
(d) The treasurer of the commission may receive, disburse, and
handle money belonging to the commission, subject to the following:
(1) Applicable statutes.
(2) Procedures established by the commission.
[Pre-1995 Recodification Citation: 14-6-33-14.]

Legislative History

As added by P.L.1-1995, SEC.6.