Indiana § 36-10-7.5-18 Special nonreverting capital fund

Indiana Statutes

§ 36-10-7.5-18 — Special nonreverting capital fund

Indiana § 36-10-7.5-18

Title 36LOCAL GOVERNMENT

Art. 10RECREATION, CULTURE, AND COMMUNITY

Ch. 7.5Township General Park and Recreation Law

This text of Indiana § 36-10-7.5-18 (Special nonreverting capital fund) 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 § 36-10-7.5-18 (2026).

Text

(a)Upon the request of the executive, the fiscal body of the township may establish by resolution a special nonreverting capital fund for the purposes of acquiring land or making specific capital improvements. The fiscal body may include in the department's annual budget an item and an appropriation for these specific purposes.

(b)Money placed in the special nonreverting capital fund may not be withdrawn except for the purposes for which the fund was created, unless the fiscal body repeals the resolution. The fiscal body may not repeal the resolution under suspension of the rules.

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(a) Upon the request of the executive, the
fiscal body of the township may establish by resolution a special
nonreverting capital fund for the purposes of acquiring land or making
specific capital improvements. The fiscal body may include in the
department's annual budget an item and an appropriation for these
specific purposes.
(b) Money placed in the special nonreverting capital fund may not
be withdrawn except for the purposes for which the fund was created,
unless the fiscal body repeals the resolution. The fiscal body may not
repeal the resolution under suspension of the rules.