Indiana Statutes
§ 36-6-1.5-1.5 — Use of excess funds; indebtedness; assistance by department of local government finance
Indiana § 36-6-1.5-1.5
JurisdictionIndiana
Title 36LOCAL GOVERNMENT
Art. 6GOVERNMENT OF TOWNSHIPS
Ch. 1.5Merger of Township Governments
This text of Indiana § 36-6-1.5-1.5 (Use of excess funds; indebtedness; assistance by department of local government finance) 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 § 36-6-1.5-1.5 (2026).
Text
5.
(a)All of the following apply to a township
that merges with another township under this chapter:
(1)Notwithstanding any other law, the new township government
may use any funds in excess of what the new township
government determines is necessary to deliver effective service
to pay the indebtedness of the new township government,
including bonds and other indebtedness transferred to the new
township government under section 8 of this chapter.
(2)Notwithstanding any other law, after the indebtedness
described in subdivision (1) is satisfied, the new township
government may do the following with any remaining excess
funds:
(A)Transfer the funds to:
(i)the county in which the new township government is
located; or
(ii)a municipality that has jurisdiction;
to make improvements to inf
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
As added by P.L.255-2013, SEC.11.
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
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 36-6-1.5-1.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-6-1.5-1.5.