Indiana § 36-7-13-9 Transfer of surplus funds; cessation of tax levy

Indiana Statutes

§ 36-7-13-9 — Transfer of surplus funds; cessation of tax levy

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 13 Industrial Development

When the purposes for which the industrial
development fund was established have been accomplished and all
districts designated by the unit have been terminated under section 19
of this chapter, the balance remaining in that fund shall be transferred
to the general fund of the unit and the authority for the levy of the tax
provided by section 4 of this chapter ceases.
[Pre-Local Government Recodification Citation:
18-7-14-10.]
As added by Acts 1981, P.L.309, SEC.32. Amended by Acts
1981, P.L.310, SEC.81; P.L.262-1993, SEC.8; P.L.125-1998,
SEC.13.

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When the purposes for which the industrial
development fund was established have been accomplished and all
districts designated by the unit have been terminated under section 19
of this chapter, the balance remaining in that fund shall be transferred
to the general fund of the unit and the authority for the levy of the tax
provided by section 4 of this chapter ceases.
[Pre-Local Government Recodification Citation:
18-7-14-10.]
As added by Acts 1981, P.L.309, SEC.32. Amended by Acts
1981, P.L.310, SEC.81; P.L.262-1993, SEC.8; P.L.125-1998,
SEC.13.

Indiana § 36-7-13-9 (Transfer of surplus funds; cessation of tax levy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.