Indiana Statutes

§ 36-10-8-2 — Definitions

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 8 Capital Improvement Boards in Certain Counties

As used in this chapter: "Board" refers to a capital improvement board of managers subject to or created under 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. As added by Acts 1982, P.L.218, SEC.3.

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