§ 36-7-14-24 — Payment of expenses incurred before tax levy; procedure

Indiana § 36-7-14-24

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 14: Redevelopment of Areas Needing Redevelopment

Text

(a) All expenses incurred by the department
of redevelopment that must be paid before the collection of taxes levied
under this chapter shall be paid in the manner prescribed by this
section. The commission shall certify the items of expense to the fiscal
officer of the unit requesting payment of the amounts certified. Subject
to appropriation by the fiscal body of the unit, the fiscal officer shall
then draw a warrant in the requested amount to be paid out of the
general fund of the unit. If the unit has no unappropriated monies in its
general fund, the fiscal officer of the unit may recommend to the fiscal
body the temporary transfer from other funds of the unit of a sufficient
amount to meet the items of expense, or the making of a temporary loan
for that purpose. The fiscal body may make the transfer or authorize the
temporary loan in the same manner that other transfers and temporary
loans are made by the unit.
(b) The amount advanced by the unit under this section may not
exceed fifty thousand dollars ($50,000), and the fund or funds of the
unit from which the advancement is made shall be fully reimbursed and
repaid by the redevelopment commission out of legally available
revenues.
(c) The redevelopment commission may not use any part of the
amount advanced by the unit under this section in the acquisition of
real property.
[Pre-Local Government Recodification Citations: 18-7-7-22;
18-7-7.1-22.]
As added by Acts 1981, P.L.309, SEC.33. Amended by
P.L.146-2008, SEC.731.