Indiana § 36-6-9-4.5 "Unrestricted funds"

Indiana Statutes

§ 36-6-9-4.5 — "Unrestricted funds"

Indiana § 36-6-9-4.5

Title 36LOCAL GOVERNMENT

Art. 6GOVERNMENT OF TOWNSHIPS

Ch. 9Township Capital Improvement Plan

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Bluebook

Ind. Code § 36-6-9-4.5 (2026).

Text

5. As used in this chapter, "unrestricted funds" means cash reserves that are not:

(1)obligated by a township's following year budget;

(2)committed to a township's capital improvement plan;

(3)encumbered by a contract or purchase order;

(4)restricted for a specific use by state or federal law or other applicable state or federal rule;

(5)restricted by a contractual obligation; or

(6)restricted by a third-party.

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5. As used in this chapter, "unrestricted funds"
means cash reserves that are not:
(1) obligated by a township's following year budget;
(2) committed to a township's capital improvement plan;
(3) encumbered by a contract or purchase order;
(4) restricted for a specific use by state or federal law or other
applicable state or federal rule;
(5) restricted by a contractual obligation; or
(6) restricted by a third-party.