Indiana § 36-6-10-5 Amount and manner of contributions to fund

Indiana Statutes

§ 36-6-10-5 — Amount and manner of contributions to fund

Indiana·Title 36 LOCAL GOVERNMENT·Art. 6 GOVERNMENT OF TOWNSHIPS·Ch. 10 Township Roads and Infrastructure Fund

A transfer of funds from a fund established
under section 2 of this chapter for a purpose allowed under this chapter
must be accomplished in the same manner that a township makes
transfers from the rainy day fund as set forth in IC 36-1-8-5.1, except
that the amount of the transfer of unobligated cash balances as
described in IC 36-1-8-5.1(d)(2)(B)(iii) shall contribute thirty percent
(30%) of the balance of all unrestricted funds that exceed the
township's budget for the following year, as provided in the township's
capital improvement plan under IC 36-6-9-12(b)(1).

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A transfer of funds from a fund established
under section 2 of this chapter for a purpose allowed under this chapter
must be accomplished in the same manner that a township makes
transfers from the rainy day fund as set forth in IC 36-1-8-5.1, except
that the amount of the transfer of unobligated cash balances as
described in IC 36-1-8-5.1(d)(2)(B)(iii) shall contribute thirty percent
(30%) of the balance of all unrestricted funds that exceed the
township's budget for the following year, as provided in the township's
capital improvement plan under IC 36-6-9-12(b)(1).

Indiana § 36-6-10-5 (Amount and manner of contributions to fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.