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 § 36-6-10-5

Title 36LOCAL GOVERNMENT

Art. 6GOVERNMENT OF TOWNSHIPS

Ch. 10Township Roads and Infrastructure Fund

This text of Indiana § 36-6-10-5 (Amount and manner of contributions to fund) 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 § 36-6-10-5 (2026).

Text

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).