§ 36-9-11-18 — Parking facilities; records and accounts when revenue bonds are issued

If revenue bonds are issued to finance the
cost of parking facilities, the municipality shall keep proper books of
records and accounts for the parking facilities, separate from all of its
other records and accounts. These records and accounts must contain
complete and correct entries showing:
(1) the application of the proceeds of the bonds;
(2) the source and disposition of:
(A) all revenues collected from or on account of the facilities;
or
(B) all money supplied by the municipality on account of the
facilities; and
(3) all transactions relating to the facilities.
Within ninety (90) days after the close of each calendar year, the
municipal fiscal officer shall prepare an operating and income
statement of the facilities. The fiscal officer shall keep the statement on
file in the fiscal officer's office, and make it available for examination
by any holder of the revenue bonds. A copy of the statement shall be
furnished to the original purchaser of the bonds upon request.
[Pre-Local Government Recodification Citations:
19-5-11-10 part; 19-5-13-12 part.]
As added by Acts 1981, P.L.309, SEC.84. Amended by
P.L.127-2017, SEC.296.