Indiana § 36-10-8-12 Capital improvement fund; deposit of tax revenues; expenditures

Indiana Statutes

§ 36-10-8-12 — Capital improvement fund; deposit of tax revenues; expenditures

Indiana § 36-10-8-12

Title 36LOCAL GOVERNMENT

Art. 10RECREATION, CULTURE, AND COMMUNITY

Ch. 8Capital Improvement Boards in Certain Counties

This text of Indiana § 36-10-8-12 (Capital improvement fund; deposit of tax revenues; expenditures) 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 § 36-10-8-12 (2026).

Text

Unless there are bonds outstanding under this chapter, any tax revenues received by the board from the treasurer of the state as provided by law shall be deposited in a separate and distinct fund called the "capital improvement fund". Any money in the fund may be expended by the board without the necessity of an appropriation to pay:

(1)operating expenses and maintain reasonable reserves;

(2)for services of architects, engineers, accountants, attorneys, and consultants;

(3)for all or part of the cost of a capital improvement;

(4)the principal on, or interest of, any bonds issued under this chapter that cannot be paid from money in the capital improvement bond fund; or

(5)for any other purpose that has been budgeted and approved under section 8 of this chapter. As added by Acts 1982, P

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Unless there are bonds outstanding under
this chapter, any tax revenues received by the board from the treasurer
of the state as provided by law shall be deposited in a separate and
distinct fund called the "capital improvement fund". Any money in the
fund may be expended by the board without the necessity of an
appropriation to pay:
(1) operating expenses and maintain reasonable reserves;
(2) for services of architects, engineers, accountants, attorneys,
and consultants;
(3) for all or part of the cost of a capital improvement;
(4) the principal on, or interest of, any bonds issued under this
chapter that cannot be paid from money in the capital
improvement bond fund; or
(5) for any other purpose that has been budgeted and approved
under section 8 of this chapter.
As added by Acts 1982, P.L.218, SEC.3.