Indiana Statutes
§ 36-10-16-13 — "Net income"
Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 16 Midwest Continental Divide Commission
As used in this chapter, "net income" means the gross income after deducting:
(1)the necessary operational expenses of the board in performing
its duties (the expenses not to exceed the amount budgeted or
approved); and
(2)any reserve provided for in the budget.
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Legislative History
As added by P.L.141-2025, SEC.1.
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Repealed