Indiana § 36-10-7.5-19 Township park and recreation cumulative building fund

Indiana Statutes

§ 36-10-7.5-19 — Township park and recreation cumulative building fund

Indiana § 36-10-7.5-19

Title 36LOCAL GOVERNMENT

Art. 10RECREATION, CULTURE, AND COMMUNITY

Ch. 7.5Township General Park and Recreation Law

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Bluebook

Ind. Code § 36-10-7.5-19 (2026).

Text

(a)The fiscal body may establish a cumulative building fund under IC 6-1.1-41 to provide money for:

(1)building, remodeling, and repair of park and recreation facilities; or

(2)purchase of land for park and recreation purposes.

(b)To provide for the cumulative building fund, the township fiscal body may levy a tax in compliance with IC 6-1.1-41 not greater than one and sixty-seven hundredths cents ($0.0167) on each one hundred dollars ($100) of assessed valuation of taxable property within the township.

(c)The tax shall be collected and held in a special fund known as the township park and recreation cumulative building fund.

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(a) The fiscal body may establish a
cumulative building fund under IC 6-1.1-41 to provide money for:
(1) building, remodeling, and repair of park and recreation
facilities; or
(2) purchase of land for park and recreation purposes.
(b) To provide for the cumulative building fund, the township fiscal
body may levy a tax in compliance with IC 6-1.1-41 not greater than
one and sixty-seven hundredths cents ($0.0167) on each one hundred
dollars ($100) of assessed valuation of taxable property within the
township.
(c) The tax shall be collected and held in a special fund known as
the township park and recreation cumulative building fund.