Indiana § 36-8-22-14 Deficit financing prohibited

Indiana Statutes

§ 36-8-22-14 — Deficit financing prohibited

Indiana·Title 36 LOCAL GOVERNMENT·Art. 8 PUBLIC SAFETY·Ch. 22 Meet and Confer for Public Safety Employees

(a)As used in this section, "deficit financing" means making expenditures that exceed the money legally available to an employer in any budget year.

(b)An employer may not enter into an agreement under section 12 of this chapter that will place the employer in a position of deficit financing. An agreement is voidable to the extent that an employer must engage in deficit financing to comply with the agreement.

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(a) As used in this section, "deficit
financing" means making expenditures that exceed the money legally
available to an employer in any budget year.
(b) An employer may not enter into an agreement under section 12
of this chapter that will place the employer in a position of deficit
financing. An agreement is voidable to the extent that an employer
must engage in deficit financing to comply with the agreement.

Indiana § 36-8-22-14 (Deficit financing prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.