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

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Legislative History

As added by P.L.255-2013, SEC.11.

Nearby Sections

15
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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.