Indiana § 14-33-21-14 Discharge of obligation

Indiana Statutes

§ 14-33-21-14 — Discharge of obligation

Indiana § 14-33-21-14

Art. 33CONSERVANCY DISTRICTS

Ch. 21Cumulative Improvement Fund

This text of Indiana § 14-33-21-14 (Discharge of obligation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 14-33-21-14 (2026).

Text

If a federal or state agency, according to statute or contractual obligation, demands immediate or prompt action by the district in construction of, adding to, or repairing works of improvement, the district:

(1)may not defend that not enough money for the work has accumulated in the fund; and

(2)shall use the accumulation of money in the fund, including the proceeds of:

(A)borrowing;

(B)the collection of tax or assessments; or

(C)both borrowing and the collection of tax or assessments; to discharge the obligation. [Pre-1995 Recodification Citation: 13-3-5-9.]

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If a federal or state agency, according to
statute or contractual obligation, demands immediate or prompt action
by the district in construction of, adding to, or repairing works of
improvement, the district:
(1) may not defend that not enough money for the work has
accumulated in the fund; and
(2) shall use the accumulation of money in the fund, including the
proceeds of:
(A) borrowing;
(B) the collection of tax or assessments; or
(C) both borrowing and the collection of tax or assessments;
to discharge the obligation.
[Pre-1995 Recodification Citation: 13-3-5-9.]