§ 36-6-1.6-9 — Transfer of funds to reestablished township governments

Indiana § 36-6-1.6-9

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 6: GOVERNMENT OF TOWNSHIPS
• Ch. 1.6: Dissolution of Township Government Merger

Text

(a) On the date on which the formation of a
reestablished township government takes effect under this chapter, all
money in the funds of the merged township government is transferred
to the reestablished township governments. The county legislative body
shall determine the allocation of the funds to the reestablished
township governments. The reestablished township governments:
(1) shall deposit the money in the funds that most closely
correspond to the funds of the merged township government; and
(2) may use the money to pay operational and capital costs for the
balance of the calendar year.
(b) After the date on which the formation of a reestablished
township government takes effect under this chapter, the reestablished
township government is entitled to receive all distributions of taxes and
other revenue that would have been made to the new township
government if the merger had not occurred. The allocation of the
distributions to the reestablished township governments shall be
determined by the county legislative body. A reestablished township
government shall deposit the money in its funds that correspond most
closely to the funds of the merged township government into which the
taxes or other revenue would have been deposited if the dissolution had
not occurred.

Legislative History

As added by P.L.240-2005, SEC.4.