Indiana Statutes
§ 36-1-8-7 — Bank deposit or cash on hand constituting pledge or guaranty
Indiana·Title 36 LOCAL GOVERNMENT·Art. 1 GENERAL PROVISIONS·Ch. 8 Miscellaneous Fiscal and Administrative Provisions
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 36-1-8-7 (Bank deposit or cash on hand constituting pledge or guaranty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Repealed