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

Indiana § 36-7-4-1329

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

Text

(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.

Legislative History

As added by P.L.221-1991, SEC.30.