Indiana § 36-7-4-1329 Fund for impact fee collections; establishment; management; reports

Indiana Statutes

§ 36-7-4-1329 — Fund for impact fee collections; establishment; management; reports

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 4 Local Planning and Zoning

(a)A unit imposing an impact fee shall establish a fund to receive amounts collected under this series.

(b)Money in a fund established under subsection (a) at the end of the unit's fiscal year remains in the fund. Interest earned by the fund shall be deposited in the fund.

(c)The fiscal officer of the unit shall manage the fund according to the provisions of this series. The fiscal officer shall annually report to the unit's plan commission and to each infrastructure agency responsible for infrastructure in an impact zone. The report must include the following:

(1)The amount of money in accounts established for the impact zone.

(2)The total receipts and disbursements of the accounts established for the impact zone.

(d)A separate account shall be established in the fund for each impac

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(a) A unit imposing an impact fee shall
establish a fund to receive amounts collected under this series.
(b) Money in a fund established under subsection (a) at the end of
the unit's fiscal year remains in the fund. Interest earned by the fund
shall be deposited in the fund.
(c) The fiscal officer of the unit shall manage the fund according to
the provisions of this series. The fiscal officer shall annually report to
the unit's plan commission and to each infrastructure agency
responsible for infrastructure in an impact zone. The report must
include the following:
(1) The amount of money in accounts established for the impact
zone.
(2) The total receipts and disbursements of the accounts
established for the impact zone.
(d) A separate account shall be established in the fund for each
impact zone established by the unit and for each infrastructure type
within each zone. Interest earned by an account shall be deposited in
that account.

Indiana § 36-7-4-1329 (Fund for impact fee collections; establishment; management; reports) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.