Indiana Statutes
§ 36-1-8-7 — Bank deposit or cash on hand constituting pledge or guaranty
Indiana § 36-1-8-7
JurisdictionIndiana
Title 36LOCAL GOVERNMENT
Art. 1GENERAL PROVISIONS
Ch. 8Miscellaneous Fiscal and Administrative Provisions
This text of Indiana § 36-1-8-7 (Bank deposit or cash on hand constituting pledge or guaranty) 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 § 36-1-8-7 (2026).
Text
A bank deposit or cash on hand, together with
any accrued interest, constituting a pledge or guaranty on behalf of a
political subdivision shall be deposited as a part of the funds of the
political subdivision and be credited to the proper funds by the officers
having custody of those funds after one (1) year has elapsed after the
period for which the pledge or guaranty has been posted to a special
account.
[Pre-Local Government Recodification Citation:
18-6-11-4.]
As added by Acts 1980, P.L.211, SEC.1.
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Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
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Bluebook (online)
Indiana § 36-1-8-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-1-8-7.