Indiana § 36-8-7.5-4 Management of revenue of fund by local board

Indiana Statutes

§ 36-8-7.5-4 — Management of revenue of fund by local board

Indiana § 36-8-7.5-4

Title 36LOCAL GOVERNMENT

Art. 8PUBLIC SAFETY

Ch. 7.51953 Police Pension Fund (Indianapolis)

This text of Indiana § 36-8-7.5-4 (Management of revenue of fund by local board) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-8-7.5-4 (2026).

Text

(a)The local board shall ensure and confirm that:

(1)all amounts specified in this chapter to be applied to the 1953 fund, from any sources, are collected and applied to the fund;

(2)the various sums to be deducted from the salaries of the police officers concerned are deducted and are paid into the 1953 fund;

(3)the various sums to be contributed by the police special service district are so contributed and are received into the 1953 fund;

(4)any revenue in form of interest upon money invested or upon money due to the 1953 fund is received and placed into the fund; and

(5)all other money that should accrue to the 1953 fund is collected and paid into it.

(b)The local board shall have an audit of the accounts of the 1953 fund done at least once each biennium, by a person or persons c

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(a) The local board shall ensure and confirm
that:
(1) all amounts specified in this chapter to be applied to the 1953
fund, from any sources, are collected and applied to the fund;
(2) the various sums to be deducted from the salaries of the police
officers concerned are deducted and are paid into the 1953 fund;
(3) the various sums to be contributed by the police special
service district are so contributed and are received into the 1953
fund;
(4) any revenue in form of interest upon money invested or upon
money due to the 1953 fund is received and placed into the fund;
and
(5) all other money that should accrue to the 1953 fund is
collected and paid into it.
(b) The local board shall have an audit of the accounts of the 1953
fund done at least once each biennium, by a person or persons
competent to perform the audit, if the state board of accounts fails to
examine the affairs of the fund during the period.
As added by Acts 1982, P.L.77, SEC.9.