§ 36-7-15.6-16 — Flood control improvement fund; uses

Indiana § 36-7-15.6-16

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 15.6: Flood Control Improvement Districts

Text

(a) The fiscal officer of the unit shall
establish a flood control improvement fund for each flood control
improvement district that is established within the jurisdiction of the
unit.
(b) The fiscal officer of the unit shall deposit in the fund of a
district:
(1) property tax proceeds allocated from the district to the fund
under section 13 of this chapter; and
(2) proceeds from the sale of bonds under section 17 of this
chapter for flood control works within the boundaries of the
district for which the fund is established.
(c) The commission shall administer the fund.
(d) Money in a fund must be used only for flood control works
projects within boundaries of the district for which the fund was
established as set forth under this chapter.
(e) Money in a fund may be transferred or expended for the
purposes set forth in this chapter without further appropriation by the
fiscal body of the unit.
(f) Any money remaining in a fund after the expiration of the flood
control improvement district under section 20(a) of this chapter shall
be transferred to the storm water fund of the unit to be used exclusively
to provide for the maintenance and repair of flood control works within
the flood control improvement district after its expiration.

Legislative History

As added by P.L.61-2018, SEC.1.