Indiana § 36-1.5-4-34.5 Establishment of equipment replacement funds

Indiana Statutes

§ 36-1.5-4-34.5 — Establishment of equipment replacement funds

Indiana § 36-1.5-4-34.5

Title 36LOCAL GOVERNMENT

Art. 1.5GOVERNMENT MODERNIZATION

Ch. 4Reorganization by Referendum

This text of Indiana § 36-1.5-4-34.5 (Establishment of equipment replacement funds) 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 § 36-1.5-4-34.5 (2026).

Text

5.

(a)This section applies to a reorganization under this chapter that:

(1)occurs after June 30, 2006; and

(2)involves one (1) or more municipalities and one (1) or more townships, all of which are participating units in a fire protection territory on the date the reorganization is approved by voters.

(b)The fiscal body of a reorganized political subdivision that results from a reorganization described in subsection (a) may:

(1)establish an equipment replacement fund under IC 36-8-19-8.5 and impose a property tax for the fund as provided in IC 36-8-19-8.5; and

(2)take any other action under IC 36-8-19-8.5 that may be taken under that section by a participating unit in a fire protection territory.

(c)If a reorganized political subdivision establishes an equipment replacement fund und

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5. (a) This section applies to a
reorganization under this chapter that:
(1) occurs after June 30, 2006; and
(2) involves one (1) or more municipalities and one (1) or more
townships, all of which are participating units in a fire protection
territory on the date the reorganization is approved by voters.
(b) The fiscal body of a reorganized political subdivision that results
from a reorganization described in subsection (a) may:
(1) establish an equipment replacement fund under IC 36-8-19-8.5 and impose a property tax for the fund as provided in
IC 36-8-19-8.5; and
(2) take any other action under IC 36-8-19-8.5 that may be taken
under that section by a participating unit in a fire protection
territory.
(c) If a reorganized political subdivision establishes an equipment
replacement fund under IC 36-8-19-8.5 as authorized by this section,
the department of local government finance may adjust the maximum
permissible ad valorem property tax levy that would otherwise apply
to the reorganized political subdivision in the same manner in which
the department may adjust the maximum permissible ad valorem
property tax levy of a civil taxing unit under IC 6-1.1-18.5-10.5 to meet
the civil taxing unit's obligations to a fire protection territory
established under IC 36-8-19.